NEW YORK (Reuters) - Aerospace and industrial company United Technologies Corp (>> United Technologies Corporation) said on Tuesday it would be suspended share buybacks for three to four years as a result of acquiring avionics supplier Rockwell Collins (>> Rockwell Collins, Inc.), to allow it to reduce debt.

United Technologies said it would continue to pay dividends after the $30 billion acquisition, which it announced on Monday. The acquisition includes $7 billion in Rockwell Collins debt, and United Tech will take on additional debt to help fund the cash-and-stock deal.

(Reporting by Alwyn Scott)

Stocks treated in this article : United Technologies Corporation, Rockwell Collins, Inc.