Rockwell Collins Sees Signs of Recovery in 2010

By Tish Drake | September 2, 2009
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Rockwell Collins President and CEO said Tuesday he expects to see the beginning of a recovery for the business aviation sector and aftermarket in 2010, but cautioned that the aviation industry in general is not “anywhere close to being out of the woods yet.” "What we in general see as the lay of the land is that business aircraft seem to be stabilizing, but we face two quarters of really, really bad comparables because of the shape of 2008," Clay Jones told a Morgan Stanley investors conference. “I think the aftermarket over the year next year will see some continuous improvement … assuming the economy continues to strengthen as everyone is predicting that it might.” The low point for the company, Jones said, is current fourth fiscal quarter, which ends this month, and the first quarter of the next fiscal year.

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