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Rockwell Collins Posts Solid First Quarter Results

Cal Biesecker By
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Rockwell Collins Posts Solid First Quarter Results
Head up display for the C-130 Avionics Modernization Program. Rockwell Collin's avionics sales to government customer were up slightly. Photo: Rockwell Collins

Bolstered by its acquisition of ARINC, strong results in its commercial aviation business, and the retroactive extension of a federal tax credit, Rockwell Collins [COL] on Friday posted positive top and bottom line gains in its first quarter and increased its financial guidance for FY ’15.Net income increased 27 percent to $167 million, $1.24 earnings per share (EPS), from $131 million (96 cents EPS) a year ago. Excluding impacts from discontinued operations, per share earnings in the quarter were $1.26,…

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