United Tech's Collins Invest $225 Million in Landing Systems Expansions

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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