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Stock Market & Financial Investment News

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December 23, 2013
17:40 EDTCOLRockwell Collins sells ARINCís Industry Standards unit to SAE International
Rockwell Collins also announced that it has completed the sale of ARINCís Industry Standards Organization to SAE International simultaneously with the completion of the ARINC acquisition. In addition, due to a lack of fit with its long-term strategy, Rockwell Collins has initiated preparatory efforts to divest ARINCís Aerospace Systems Engineering and Support business, which provides military aircraft integration and modifications, maintenance, and logistics and support. In total these businesses accounted for approximately 15% of ARINCís FY13 revenues.
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April 17, 2014
07:32 EDTCOLRockwell Collins updates FY14 EPS view to $4.40-$4.55 from $4.35-$4.55
Consensus is $4.45. Guidance has been updated due to lower than previously estimated intangible asset amortization expense for ARINC. Still sees FY14 total sales $4.95B-$5.05B, consensus $5.02B, CapEx about $160M, income tax rate about 30%.
07:31 EDTCOLRockwell Collins reports Q2 EPS $1.08, consensus $1.07
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