Rockwell Collins, a maker of flight deck avionics, cabin electronics, mission communications and other products, said it intends to create a new interiors division led by B/E CEO Werner Lieberherr. The combined company would have a more diverse product mix and more geographical exposure, with more than 30,000 employees and pro forma annual Ebitda of nearly $1.9 billion on sales of more than $8 billion. "This transformational acquisition is consistent with our strategy to accelerate growth and build value through market-leading positions in cockpit and cabin solutions," Rockwell Collins chairman and CEO Kelly Ortberg said in a statement. "We see tremendous opportunity to better serve our commercial aviation, business jet and military customers through broader offerings." Ortberg said that the company expects to generate about $160 million in annual cost savings and $6 billion in free cash flow over the next five years as a result of the combination.