The CEO of Rockwell Collins Inc. said his company will shift some of its business into the commercial sector as Pentagon budget cuts lead to the dismissal of hundreds of workers, Bloomberg reported. Clayton Jones, in an interview for Bloomberg's "Capitol Gains" airing March 31, said he expects the Cedar Rapids-based company to trim about 300 employees this year because of automatic federal budget cuts known as sequestration, with more reductions possible next year. Federal agencies accounted for about 38 percent of sales for Rockwell Collins last year.