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Boeing drops opposition to United Technologies, Rockwell deal

( March 19, 2018, 19:00 GMT | Insight) -- Boeing has abandoned its opposition to plans by United Technologies Corp to buy Rockwell Collins for $23 billion, The Wall Street Journal reports.Boeing has abandoned its opposition to plans by United Technologies Corp to buy Rockwell Collins for $23 billion, The Wall Street Journal reports. Boeing said today that it supported the deal, and the merging companies said they had signed up to a Boeing cost-cutting program. United Technologies Corp and Rockwell Collins are two of the planemaker's biggest suppliers, and the acquisition would bolster UTC's position as the world’s biggest aerospace supplier by sales. The Journal said the move reflected pressure on planemakers to deliver a record backlog of jets....

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