US-based aircraft parts maker Collins Aerospace, a unit of United Technologies Corp. (UTC), says it is exploring selling its military Global Positioning System (GPS) business to address concerns that government regulators have raised while reviewing UTC’s proposed merger with Raytheon.
Since Raytheon has a similar military GPS unit, regulators fear the merger could stifle competition in that area unless a divestiture occurs.
“We are engaging with our employees and customers to ensure they are fully informed while we work through this process,” Collins said in a 31 October statement.
As part of the merger, UTC was already planning to spin off two non-defence businesses: Carrier, which makes air conditioners and furnaces, and Otis, which builds elevators and escalators.
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