Boeing’s new avionics unit targets its suppliers’ business
Boeing Co (BA.N) said on Monday it set up an avionics group to make aircraft controls and electronics that compete with its own suppliers such as Rockwell Collins Inc (COL.N), United Technologies Corp (UTX.N) and Honeywell International Inc (HON.N). The world’s largest plane maker said the unit had already started work and aims to bring systems for military, civil and space vehicles into service after 2020, capturing more of an avionics market worth hundreds of millions of dollars a year. Boeing said its systems would be lower-cost, higher-quality alternatives to existing products, and would deliver more services revenue to Boeing after a plane is sold.
Source:: https://finance.yahoo.com/news/boeing-sets-avionics-group-capture-161050706.html
