June 2008 -- Rockwell Collins Inc., a manufacturer of communication and aviation electronic solutions for
both commercial and government applications, reported net income of $168 million for the second
quarter of fiscal year 2008, an increase of $28 million and a 20% improvement over fiscal year
2007 second quarter net income of $140 million. Earnings per share improved 21 cents, or 26%, to
$1.03 compared to earnings per share of 82 cents last year. Second-quarter sales rose by 10% to
$1.186 billion compared to sales of $1.083 billion for the comparable quarter in 2007.
"These results clearly demonstrate the level of performance we can achieve through the unique
combination of our balanced exposure to government and commercial markets, the diversity of our
customer base within each market, and the successful operation of our efficient shared service
business model, said Clay Jones, chairman, president and CEO, in the company's April 24
quarterly statement. "Despite higher research and development investments and a decline in
commercial systems' aftermarket revenues, we achieved double-digit growth in total company
revenues as well as higher year-over-year segment operating margins in both our commercial and
government systems businesses."
Jones also observed, "Although we expect a weaker U.S. economic environment in 2008, market
conditions for our Commercial and Government Systems businesses continue to be solid.
Accordingly, we remain on track toward meeting our full year revenue projections. In addition,
and due in part to higher profitability expectations in government systems, we raised our full
year earnings per share forecast for a second consecutive quarter."
