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Rockwell Collins to eliminate 500 positions

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Rockwell Collins Inc. plans to eliminate 500 jobs nationwide in response to weakness in its business aviation market, which includes sales of executive jets and regional jets, Corridor Business Journal reported. The company is working on details of a buyout program. Rockwell Collins indicated plans for restructuring as part of its financial guidance for the company’s 2016 fiscal year which begins Oct. 1. The company expects slightly higher revenues and earnings per share.