Rockwell Reports Boost in Profits
DES MOINES, Iowa (AP) - Quarterly earnings are up for Rockwell
The Cedar Rapids-based company, which make aircraft electronics,
says second-quarter profits rose 20 percent as sales to airlines,
private jet manufacturers and the military increased.
Net profits rose to 168 million dollars, or $1.03 per share,
compared to 140 million dollars, or 82 cents a share a year ago.
The earnings were boosted by 7 cents per share as the result of
a tax settlement, the company said.
Sales rose 10 percent to $1.19 billion dollars.
Wall Street expected 98 cents a share on sales of $1.17 billion.
Rockwell Collins develops communication and aviation electronics
for commercial and government customers. It has 20,000 employees in
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