• Home
  • News
    • Politics & Government
    • Business & Economy
    • Crime / Courts
    • Health / Medicine
  • Sports
    • High School Sports
    • Radio Iowa Poll
  • Affiliates
    • Affiliate Support Page
  • Contact Us
    • Reporters

Radio Iowa

Iowa's Radio News Network

You are here: Home / Business / Rockwell Collins expects a strong year

Rockwell Collins expects a strong year

September 10, 2004 By admin

Rockwell Collins hasn’t finished its fiscal year yet but the Cedar Rapids based maker of avionics and entertainment systems already expects a good report. Dan Crookshank is vice president of investor relations.He says they expect sales of two-point-nine-Billion dollars for this year, and shares will pay a dollar-60 to 1-65, about the same as projected at the end of the company’s third quarter and in all a “pretty good year.” 54-percent of Rockwell’s sales are to the government, and Crookshank says the business of outfitting military planes with navigation systems has held strong despite the recession of recent years. Crookshank says recent increases in the defense budget combined with some big sales of their programs to modernize military planes will mean revenue growth “in the low single-digit range” for the government systems side of the company’s business. The military market has remained strong the last couple years, which Crookshank says has helped hold revenues steady for Rockwell Collins. Projections for this year call for a third consecutive year of double-digit sales growth in RC’s government-systems business, which has offset the slump in business and regional jet markets, as civilian travel fell off in recent years because of the events of 911, the Iraq war, SARS and the fears that caused among the traveling public. Commercial systems include airlines that buy navigation gear, radios, and entertainment systems for their passengers. Crookshank says that market’s been rebounding from its post-9/11 slump. He says revenues should increase by nearly 10-percent. Rockwell’s projecting a 3-point-3-Billion dollar sales total for fiscal year 2005, up from two-point-9-Billion in the year that ends September 30.

Share this:

  • Facebook
  • Twitter

Filed Under: Business

Featured Stories

Bill would limit placement of solar arrays on farm ground

Marquette casino moving to land, leaving only 2 casino boats in Iowa

Reynolds signs her ‘school choice’ bill into law

Governor Reynolds touts 2024 Iowa Caucuses in Inaugural Address

University of Iowa grad presiding over U.S. House Speaker vote

TwitterFacebook
Tweets by RadioIowa

No coaching changes coming for Iowa football

Iowa State names new receivers coach

No. 2 Iowa visits No. 1 Penn State in wrestling dual Friday night

Iowa’s Clark brings increased exposure to women’s basketball

No. 18 Iowa State women visit TCU

More Sports

Archives

Copyright © 2023 ยท Learfield News & Ag, LLC