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Rockwell Collins reported first quarter fiscal year 2014 earnings per
share of $0.96, an increase of 2% from earnings per share of $0.94 in
the first quarter of fiscal year 2013. Total sales for the first quarter
of 2014 were $1.07bn, an increase of 1% from $1.06bn for the same
period in 2013. As previously announced, the company completed the
acquisition of ARINC on December 23, 2013. ARINC contributed $6m of
inorganic sales to the first quarter of 2014.
Rockwell Collins stands to gain sales as jet owners update I T and entertainment systems on older aircraft, Ortberg said. He said he also expects to see sales rebound after the debut of new models such as Bombardier’s Learjet 85, which missed a target to enter service in 2013.
Aviation Manufacturers Association trade group. Ortberg said smaller companies, whose purchases typically drive that market segment, are refurbishing older planes and won’t begin placing new orders until they see robust revenue gains.
Rockwell Collins stands to gain sales as jet owners update I T and entertainment systems on older aircraft, Ortberg said. He said he also expects to see sales rebound after the debut of new models such as Bombardier’s Learjet 85, which missed a target to enter service in 2013.
Aviation Manufacturers Association trade group. Ortberg said smaller companies, whose purchases typically drive that market segment, are refurbishing older planes and won’t begin placing new orders until they see robust revenue gains.
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