On Tuesday, The Wall Street Journal reported that United Technologies Corp. UTX is nearing a deal to scoop up Rockwell Collins Inc. COL for over $20 billion.If completed, the deal would create one of the world’s largest aircraft-equipment manufacturers.The Journal reported that United and Rockwell are considering an acquisition deal worth no more than $140 per share, representing a 9.4% premium over COL’s Monday closing price of $127.99 per share and placing a $20.8 billion market value on Rockwell.Shares of United Tech, which is known for selling jet engines, landing gear, and wheels, are gaining about 2% in afternoon trading, while Rockwell stock is up about 1.7%. Rockwell is a leading supplier of aviation electronics like cockpit displays and communications systems.Bloomberg reported on a possible deal earlier this month, pointing out that a deal would allow aircraft manufacturers “greater heft” as companies like Boeing BA and Airbus “squeeze suppliers for price reductions amid a planned production increase of narrow-body jetliners.”Zacks' 10-Minute Stock-Picking SecretSince 1988, the Zacks system has more than doubled the S&P 500 with an average gain of +25% per year. With compounding, rebalancing, and exclusive of fees, it can turn thousands into millions of dollars.But here's something even more remarkable: You can master this proven system without going to a single class or seminar. And then you can apply it to your portfolio in as little as 10 minutes a month. Learn the secret >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Boeing Company (The) (BA): Free Stock Analysis Report Rockwell Collins, Inc. (COL): Free Stock Analysis Report United Technologies Corporation (UTX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research