Rockwell Collins positive about outlook
Rockwell Collins has reported Q1 results showing a modest top line sales growth with 20% total segment operating margins despite revenue decline in its Government Systems business unit.
Overall, the company recorded a 1% growth in sales to $1.07 billion compared to the same period last year, mainly driven by growth in Commercial Systems sales.
Revenue in the Government Systems segment decreased by 3% to $532 million. The decline is caused by the winding down of development programmes as well as lower sales following US troop withdrawals.
‘Communication product sales declined $15 million or 11% primarily due to lower satellite
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