Rockwell Collins reports declining Q3 sales
Rockwell Collins recorded a 3% drop in sales for the third quarter of FY2013 compared with the same period last year, although the earnings per share increased by 5%, the company has revealed.
Clayton Jones, CEO of Rockwell Collins, said in a conference call on 19 July: ‘Revenue came in as expected with growth in commercial systems as well as the aftermarket business, and an anticipated decline in government sales.’
Sales of government systems, which represents 51.7% of Rockwell Collin’s total sales, has declined $77 million to $602 million in Q3 compared to the same period in FY2012.
‘A third
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