October 26, 2012
Rockwell Collins reported a lower quarterly profit on Friday, as weaker government sales overshadowed stronger commercial aerospace sales.
The company, which supplies avionics and other electronic systems, said its commercial business would grow next year, but said potential mandatory cuts to US military spending would challenge its government operations.
Net income was USD$152 million for the fourth quarter ended September 30, down 13 percent from USD$175 million a year earlier.
Sales fell 2 percent to USD$1.27 billion. Commercial system sales rose 9 percent, aided by higher production at plane makers Boeing and Airbus, but government system sales fell 10 percent in the quarter.
