Rockwell Collins to Pursue Commercial Sales Amid Pentagon Cuts
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The chief executive officer of Rockwell Collins Inc. said his company will shift some of its business into the commercial sector as Pentagon budget cuts lead to the dismissal of hundreds of workers.
Clayton Jones, speaking with Bloomberg Television’s Hans Nichols in an interview for “Capitol Gains” airing March 31, said he expects Rockwell Collins to trim about 300 employees this year because of automatic federal budget cuts known as sequestration, with more firings possible next year.