Subject: [NEXTEL-1] Rockwell Collins signs deal with Boeing

From: Marcelrf <[email-masked]>
Date: Thu, 04 Mar 2004 03:55:19 -0500

Last Updated: 11:16 pm, Tuesday, February 3rd, 2004
 Rockwell Collins signs deal with Boeing
By Associated Press
 .
IOWA CITY (AP) — Rockwell Collins has reached a deal to equip Boeing’s
new 7E7 Dreamliner with cockpit displays and communication and
surveillance systems, the companies announced.
 .
Company officials say they are still negotiating final details of the
contract. But the deal has a potential value of $2 billion over the next
20 years, Rockwell officials said.
 .
“This program will have significant positive impact on the success of
our commercial systems business for years to come,’’ said Clay Jones,
Rockwell Collins president and CEO.
 .
Rockwell Collins, the Cedar Rapids-based maker of avionics,
sophisticated radio systems and in-flight entertainment products, has
seen a decline in its commercial division since the Sept. 11 terrorist
attacks.
 .
 In quarterly earning reports, Jones has repeatedly cited
 falloffs in passenger and business air travel and lower
 revenue among commercial carriers for declines in new
 products, maintenance and service contracts.
 .
 The products in the Boeing deal include cockpit displays
 that will be integrated with communication and
 surveillance technology.
 .
 The package also includes advanced VHF radio and
 satellite radios, terrain warning systems, weather radar
 and traffic alert and collision avoidance systems,
 Rockwell officials said.
 .
The contract could be a big boost to Rockwell Collins, which anticipates
$2.85 billion in total sales for fiscal year 2004.
 .
Chicago-based Boeing touts its 7E7 Dreamliner mid-sized planes for their
high fuel efficiency and superior passenger comfort.
 .
 The airplane, with a capacity between 200 to 250
 passengers, is expected to enter into service in 2008.
 .
http://www.qctimes.com/internal.php?story_id=1023783&t=Business&c=31,1023783

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