Boeing Avionics will focus on navigation, flight controls and information systems among other core tech, and could pit the company into direct competition with suppliers like Rockwell Collins and Honeywell International.
Consumer spending led the rebound last quarter, helped by a steady job market and household finances boosted by stock and home-equity gains.
While business equipment orders unexpectedly eased, bookings for the prior month were revised up to show the biggest advance since January.
The change will help "build a modern enterprise system and improve the market-oriented management mechanism," according to the State Council, China's cabinet.
A gauge of expectations for export orders for the next three months climbed to the highest in 40 years.
the Mini compact car at its factory in Oxford, England, choosing the U.K. site over alternatives in Germany and the Netherlands despite risks associated with Brexit...
A trade fight beyond steel could happen if countries retaliated in other areas, such as farm products, said Kosei Shindo, chairman of the Japan Iron and Steel Federation.
Key development areas include AI software and hardware, intelligent robotics and vehicles, virtual reality and augmented reality.