12:54 PM EDT, 07/09/2024 (MT Newswires) -- RTX (RTX) is in advanced talks to sell its Collins Aerospace division to private-equity firm Arcline Investment Management in a deal with a value of at least $500 million, Bloomberg reported Tuesday, citing people familiar with the matter.

Signia Aerospace, which is backed by Arcline, may announce a deal as soon as this week, the report added, citing the people.

Discussions could still fail and details of a potential deal could change, the people were quoted as saying.

Neither RTX nor Arcline immediately responded to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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