Rockwell Collins Increases FY 2005 Earnings Per Share and Sales Guidance; Sets Date for First Quarter Earnings Release

Business Wire, Jan 12, 2005

CEDAR RAPIDS, Iowa -- Rockwell Collins (NYSE:COL) today announced an increase in its earnings per share and sales guidance for its current 2005 fiscal year ending September 30, 2005. Fiscal year 2005 earnings per share are now expected to be in the range of $2.00 to $2.10, a 15 cent increase from its previously announced range of $1.85 to $1.95. This increase is in part due to strong sales growth in the company's first quarter ended December 31, 2004, and the company now projects that it will exceed its previous full fiscal year 2005 sales guidance of approximately $3.2 billion by about $75 million to $100 million. Enhanced operating efficiencies, particularly in the Commercial Systems business, also contributed to the increased earnings per share guidance.

The company will issue a press release containing its first quarter fiscal year 2005 financial results, as well as further information on the full fiscal year 2005 outlook, at approximately 7:30 a.m. Eastern Time, Wednesday, January 26, 2005. The company will also host an investor conference call and simultaneous webcast to be held at 9:00 a.m. Eastern Time on Wednesday, January 26, 2005, to discuss the first quarter fiscal year 2005 financial results.

Rockwell Collins Chairman, President and CEO Clay Jones and Senior Vice President and CFO Patrick Allen will conduct the conference call.

Individuals may listen to the call on the Internet at www.rockwellcollins.com, and are encouraged to access the Investor Relations portion of the company web site at least 15 minutes prior to the call to download and install any necessary software. The call will be available for replay on the Internet at www.rockwellcollins.com through Friday, February 25, 2005.

Rockwell Collins is a leader in the design, production and support of communications and aviation electronics solutions for government and commercial customers worldwide. Additional information is available at www.rockwellcollins.com.

This press release contains statements, including certain projections and business trends, that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to the health of the global economy, the continued recovery of the commercial aerospace industry and the continued strength of the military communications and electronics industry; domestic and foreign government spending, budgetary and trade policies; market acceptance of new and existing products and services; performance of our products and services; potential cancellation or termination of contracts, delay of orders or changes in procurement practices or program priorities by our customers; customer bankruptcies and profitability; recruitment and retention of qualified personnel; performance of our suppliers and subcontractors; risks inherent in fixed price contracts, particularly the risk of cost overruns; risk of significant and prolonged disruption to air travel; our ability to execute to our internal performance plans such as our productivity improvement and cost reduction initiatives; achievement of our acquisition and related integration plans; continuing to maintain our planned effective tax rates; favorable outcomes of certain customer procurements, congressional approvals and regulatory mandates; and the uncertainties of the outcome of litigation, as well as other risks and uncertainties, including but not limited to those detailed from time to time in our Securities and Exchange Commission filings. These forward-looking statements are made only as of the date hereof and the company assumes no obligation to update any forward-looking statement.