RTX's Collins Aerospace has announced that it is investing $26.5 million to expand its Largo, Florida, facility to accelerate the production of commercial aviation radars for FAA's new air traffic control system, and multi-domain security solutions for defense customers.
The company said this investment will create more than 100 highly skilled jobs across engineering and factory operations disciplines.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.