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Rockwell Collins to acquire Athena Technologies

Rockwell Collins announced its intent to acquire Athena Technologies, Inc., a privately held company that develops and provides flight control and navigation solutions primarily to the Unmanned Aerial Vehicle (UAV) market segment. Terms of the agreement were not disclosed.

The transaction is expected to be completed in about 30 days and is subject to regulatory approvals. The acquisition is expected to be neutral to Rockwell Collins' fiscal year 2008 earnings.

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