United Tech's Collins Invest $225 Million in Landing Systems Expansions
February 10 2020 - 8:55AM
Dow Jones News
By Colin Kellaher
United Technologies Corp.'s (UTX) Collins Aerospace Systems unit
on Monday said it is investing $225 million in an expansion of its
landing-systems operations that will create more than 100 jobs.
Collins said it plans to open a new 110,000-square-foot facility
in Fort Worth, Texas, where it will perform wheel and brake
maintenance, repair and overhaul operations, as well as
landing-gear assembly.
The company said it is also expanding its carbon brake
manufacturing plants in Spokane, Wash., and Pueblo, Colo.
United Technologies and Raytheon Co. (RTN) last year unveiled a
$135 billion deal to combine UTC's Collins Aerospace and Pratt
& Whitney units with Raytheon to create Raytheon Technologies
Corp., which will be one of the world's largest aerospace
companies. The merger is slated to close early in the second
quarter.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
February 10, 2020 08:40 ET (13:40 GMT)
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