Thread regarding Collins Aerospace layoffs

Raytheon Explores Sale of Actuation Unit That Makes Flight Controls

Via Bloomberg, found this doozy:

“Raytheon Technologies Corp. is considering a sale of a unit that makes products including flight controls, which could fetch about $1 billion, according to people familiar with the matter.

The actuation business sits within Collins, having first been a division of Rockwell Collins and then United Technologies prior to its merger with Raytheon, which closed in 2020.”

https://www.bloomberg.com/news/articles/2023-01-05/raytheon-is-said-to-explore-sale-of-actuation-business

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