A ribbon-cutting ceremony was held Wednesday afternoon for the new Collins Aerospace building at the Houston Spaceport.

Space City is home to rapid development, and when it comes to the aerospace industry, there is lots of it.

Moonwalkers of the Artemis generation are going to need some new gear and very soon if NASA plans to achieve its goal.

Houston Mayor Sylvester Turner and the Houston Airport System will break ground on the new Collins Aerospace Building at the Houston Spaceport Monday.

WALTHAM, Mass. – Raytheon Technologies Corp. plans to eliminate more than 15,000 jobs this year at its corporate offices, jet engine-maker Pratt & Whitney and aviation and military equipment manufacturer Collins Aerospace amid the downturn in the airline industry, Chief Executive Officer Greg Hayes said Wednesday. The job cuts at the Waltham, Massachusetts-based company are nearly double the total it initially announced in July. Hayes, speaking during a Morgan Stanley analysts conference via webcast, said the cuts amount to administrative cost reductions of about 20% at Pratt & Whitney, based in East Hartford, Connecticut, and about 12% at Collins Aerospace, based in Charlotte, North Carolina. Raytheon is seeking $2 billion in cost reductions and $4 billion in cash conservation this year, he said.