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Actionable news in COL: ROCKWELL COLLINS Inc,

Costs Associated with Exit or Disposal

As contemplated in the Companys September 18, 2015 earnings guidance press release for its 2016 fiscal year, in October 2015 the Company initiated certain restructuring actions primarily as a result of continued weakness in the business aviation market. The Company offered certain eligible U.S. employees an opportunity to receive a separation benefit if they elected between October 5, 2015 and November 9, 2015 to voluntarily terminate their employment on or before December 18, 2015. The voluntary elections became irrevocable on November 9, 2015 and 468 employees elected to participate. As a result of these elections and other restructuring actions, the Company expects to...


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