Boeing Ends Objection to United Technologies-Rockwell Merger -WallStreet Journal
The shift by the plane maker, which had said the merger could hurt supply chain competition, comes amid a big backlog of jet deliveries
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By Doug Cameron March 19, 2018 2:31 p.m. ET
Boeing Co. dropped an opposition to plans for two of its largest suppliers to merge, reflecting pressure on the aerospace industry to deliver its record backlog of jetliners.
Chicago-based Boeing last year criticized plans by United Technologies Corp. to buy Rockwell Collins Inc. for $23 billion and consolidate its position as the world's largest aerospace supplier by sales.
Boeing said Monday it now backed the combination, while United Technologies and Rockwell Collins said they have also signed up for the plane maker's cost-cutting program.
"At a time of record industry production, it is critically important that we have business arrangements with all of our suppliers that drive increased focus on meeting their cost, schedule and quality commitments to Boeing and our customers," the plane maker said.
Boeing executives said last year they may cancel or...