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Commercial Business, R&D Tax Credit Extension Trigger Financial Gains At Rockwell Collins

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By Calvin Biesecker Rockwell Collins [COL] yesterday posted strong first quarter financial results driven primarily by higher sales and operating earnings at its business that supports commercial aircraft as well as a handsome benefit from an extension of the federal tax credit for research and development (R&D) expenses. As a result of the tax benefit, the company raised its earnings guidance for FY '11 by a dime to between $3.85 and $4.05 earnings per share (EPS). Net income increased 25…

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