Rockwell Collins

July 19, 2011 – 7:23 pm

Rockwell CollinsBusiness Profile
Rockwell Collins is incorporated under the laws of State of Delaware and is headquartered in Cedar Rapids, Iowa. The Companyis origin is in Collins Radio Company founded in 1933. The Company’s common stock is registered and listed on the New York Stock Exchange under the ticker “COL”.

The Company engages in designing, production and servicing of aviation electronics and communications for commercial and military customers across the world. Although the Company primarily focuses on applications for aviation sector, its Government Systems segment offers systems and products for shipboard and ground applications. The Company provides a broad array of support and services to its clients through network of service centers across the world. These include equipment overhaul and repair, field service engineering, service parts, technical information services and training, and sales of used equipments.

The Company had employed nearly 18,600 people as of September 30, 2006. Rockwell Collins serves a number of clients across the world. These include US Coast Guard, the US Department of Defense, defense contractors, civil agencies, ministries of defense of foreign countries, manufacturers of air transport, regional and business aircraft, commercial and regional airlines, and business and fractional jet operators.

The Company uses it internal sales force and marketing team to market its products and services. In addition, the Company also uses a dealer network and international sales executives to assist with international marketing and sales. In 2006, the US Government accounted for nearly 39% of the Company’s total net sales.

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The Company believes in growing through partnerships and hence focuses special attention to joint ventures
and alliances for new product and technology development. The Company 50% ownership in following joint ventures:

• Data Link Solutions LLC, joint venture with BAE Systems

• Vision Systems International, LLC, a joint venture with Elbit Systems, Ltd.

• Integrated Guidance Systems LLC, a joint venture with Honeywell International

• Quest Flight Training Limited, a joint venture with Quadrant Group plc.

The Company has grown internally as well as through acquisitions. Over the years Company has made several selective and strategic acquisitions. Its acquisition in the past three years includes:

• Anzus, Inc. acquired in September 2006 – building software applications

• IP Unwired Inc. acquired in September 2006 – building networking technology and digital communications

• Acquired certain assets of Evans & Sutherland in May 2006 – visual systems for commercial and military simulation

• TELDIX GmbH acquired in May 2005 – military aviation electronics

• NLX Holding Corporation acquired in December 2003 – building flight simulators

The Company also completed disposition of 50% interest in its non core Rockwell Scientific Company LLC to Teledyne Brown Engineering in September 2006.

The Company has organized itself into two business segments including Government Systems and Commercial Systems.

Financial Performance. The Company’s worldwide net sales increased 11.8% to $3863 million in 2006 from $3455 million in 2005 mainly contributed by TELDIX and E&S Simulation recently acquired by the Company.

Rockwell Collin’s profit before income tax increased 25.9% to $689 million in 2006 from $547 million in 2005. The Company’s operating profit margin improved to 17.8% in 2006 from 15.8% in 2005. The Company’s net income increased 20.5% to $477 million in 2006 from $396 million in 2005. Rockwell Collin’s net income margin also increased to 12.3% in 2006 from 11.5% in 2005.

The Company’s order backlog stood at $3.7 billion as of September 30, 2006 compared to $3.2 billion as of September 30, 2005. Commercial Systems order backlog was at $0.9 billion while Government Systems had an order backlog of $2.8 billion as of September 30, 2006.

Government Systems. Government Systems segment provides defense communications products and systems, and defense electronics products and systems. These include display and navigation, and subsystems to the US Department of Defense, civil agencies, defense contractors, other government agencies, and ministries of defense of foreign countries. These products and systems support ground, shipboard and airborne applications.

The segment defense communication products and systems include:

• Communications products and systems

• Military data link products and systems

• Navigation products and systems

• Subsystems

• Cockpit display systems

• Integrated computer systems

• Training and simulation systems

• Maintenance, parts, repair, and after-sales support

Commercial Systems. Commercial Systems segment provides air transport aviation electronics products and systems, and regional and business aviation electronics products and systems. These products and systems include flight deck electronic products and systems such as navigation, communications, displays, surveillance; automatic flight control and management systems; and in flight entertainment, information management and cabin electronics systems.

Detailed products and systems include:

• Integrated avionics products and systems

• Cabin electronics products and systems

• Communications products and systems

• Navigation products and systems

• Surveillance systems and situational awareness

• Flight deck products and systems

• Integrated information systems

• Training and simulation systems

• Maintenance, parts, repair, and after-sales support

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