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News Breaks
February 25, 2013
15:41 EDTCOLRockwell Collins selected to provide rudder/brake pedal assembly for A350 XWB
Rockwell Collins (COL) announced that it has been selected by Airbus to provide the rudder/brake pedal assembly for the A350 XWB family of aircraft. "This win tops off a comprehensive suite of offerings for the A350 XWB, which represents the most content we've ever had on an Airbus platform," said Kent Statler, executive vice president and chief operating officer, Commercial Systems for Rockwell Collins. "Airbus's confidence in us to design, produce and implement innovative solutions for this new-generation aircraft was a key factor in this latest award." The previously announced Rockwell Collins-supplied products and solutions for the A350 XWB, including the aircraft's communications, information management, landing and navigation systems, are valued at $2.5B over the life of the program. More than 600 A350 XWBs have been ordered by airlines throughout the world.
News For COL From The Last 14 Days
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November 20, 2015
07:30 EDTCOLUBS to hold a conference
Industrials & Transportation Conference is being held in Boca Raton, FL on November 18-20 with webcasted company presentations to begin on November 20 at 8 am; not all company presentations may be webcasted. Webcast Link
November 18, 2015
08:07 EDTCOLViaSat and Rockwell Collins partner for in-flight connectivity
ViaSat (VSAT) is working with Rockwell Collins (COL) to integrate the ViaSat VMT-1500 terminal and its global Ku-band internet service with Rockwell Collins' eRouter smart cabin routers and its ARINCDirect flight support services. ViaSat's global Ku-band in-flight technology and internet service allows those on board to send and receive emails, establish VPN connections, watch streaming video and participate in video conferencing and Voice over Internet Protocol phone calls with the ADConnect VoIP app for iOS and Android.
November 16, 2015
07:46 EDTCOLRockwell Collins named a top three pick at Cowen
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November 13, 2015
17:20 EDTCOLRockwell Collins: Q1 estimated charge raised to 18c-24c from 10c-15c per share
As contemplated in the Company's September 18 earnings guidance press release for its 2016 fiscal year, in October 2015 the Company initiated certain restructuring actions primarily as a result of continued weakness in the business aviation market. The Company offered certain eligible U.S. employees an opportunity to receive a separation benefit if they elected between October 5, 2015 and November 9, 2015 to voluntarily terminate their employment on or before December 18, 2015. The voluntary elections became irrevocable on November 9, 2015 and 468 employees elected to participate. As a result of these elections and other restructuring actions, the Company expects to record a pre-tax restructuring charge in the first quarter of its 2016 fiscal year in the range of $35M-$45M primarily consisting of employee severance costs. The estimated charge increased from a range of 10-15 cents per share that was included in the Company's earnings guidance on September 18, 2015 to a range of 18c-24c of earnings per share primarily due to a higher than expected number of employees electing the voluntary separation benefit.
November 11, 2015
07:31 EDTCOLRockwell Collins names CEO Kelly Ortberg chairman of the board
Rockwell Collins announced that CEO and president Kelly Ortberg was elected to the additional role of Chairman of the Board. He succeeds Anthony Carbone, who will continue on the board and serve as lead director, a position he previously held. Ortberg was appointed president of Rockwell Collins in September 2012 and was elected CEO in July 2013.

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