Ryan J. Foley / AP

United Technologies is getting close to a deal to purchase Rockwell Collins, a corporate acquisition that looks set to combine two of the world's largest manufacturers of airplane equipment, per the WSJ.

By the numbers: United Technologies — worth about $92 billion — looks set to purchase Rockwell for about $140 per-share, which would make the deal worth more than $20 billion.

Why it matters: It'd be the biggest aerospace/defense acquisition deal in history, according to a Reuters analysis. It shouldn't spark any antitrust concerns — United Technologies makes jets, wheels, and landing gear while Rockwell focuses on displays and communications tech — but it might spook Boeing and Airbus somewhat to see their suppliers merging, especially as they both plan to expand further into the aftermarket space for parts.

Go deeper

Updated 19 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Politics: Trump calls Fauci a "disaster" on campaign call.
  2. Health: Coronavirus hospitalizations are on the rise — 8 states set single-day coronavirus case records last week.
  3. States: California to independently review FDA-approved coronavirus vaccines
  4. Wisconsin judge reimposes capacity limit on indoor venues.
  5. Media: Trump attacks CNN as "dumb b*stards" for continuing to cover pandemic.
  6. Business: Consumer confidence surveys show Americans are getting nervousHow China's economy bounced back from coronavirus.
  7. Sports: We've entered the era of limited fan attendance.
  8. Education: Why education technology can’t save remote learning.
Dion Rabouin, author of Markets
45 mins ago - Economy & Business

The 2020 holiday season may just kill Main Street

Illustration: Eniola Odetunde/Axios

Online retail and e-commerce have been chipping away at brick-and-mortar businesses over the years but the combination of the coronavirus pandemic and the 2020 holiday season may prove to be a knockout blow.

State of play: Anxious consumers say financial concerns and health worries will push them to spend less money this year and to do more of their limited spending online.

California to independently review FDA-approved coronavirus vaccines

California Gov. Gavin Newsom. Photo: Justin Sullivan/Getty Images

California will "independently review" all coronavirus vaccines approved by the Food and Drug Administration before allowing their distribution, Gov. Gavin Newsom (D) announced at a news conference Monday.

Why it matters: The move that comes days after NAID director Anthony Fauci said he had "strong confidence" in FDA-approved vaccines could cast further public doubt that the federal government could release a vaccine based on political motives, rather than safety and efficacy.

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