UNITED TECHNOLOGIES CORP. (UTC) completed its $30 billion acquisition of Rockwell Collins in November. The two companies will now combine to form Collins Aerospace Systems and be based in Palm Beach City, Florida. Collins Aerospace Systems will have about 70,000 employees. Rockwell Collins CEO and President Kelly Ortberg will be the CEO of the newly formed company. UK Aerospace President Dave Gitlin will serve as president. The company's avionics and mission systems will be based in Cedar Rapids, Iowa.
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