Rockwell Collins Reports Second Quarter Fiscal Year 2008 Earnings Per Share of $1.03 on Sales of $1.186 Billion; Fiscal Year 2008 Earnings Per Share Guidance Range Increased to $3.95 to $4.05

Business Wire, April 24, 2008

Several airlines selected Rockwell Collins avionics and service solutions for new Airbus, Boeing and Bombardier aircraft.

* Air China selected a suite of Rockwell Collins avionics for 11 Boeing 737-800 aircraft, which are being leased from GE Commercial Aviation Services (GECAS).

* V Australia, the new international long-haul airline of Australia launched recently by Virgin Blue, has selected a suite of Rockwell Collins avionics for seven firm and six optional Boeing 777-300ER aircraft. Deliveries are scheduled to start in September 2008.

* AirAsia and AirAsia X, a long-haul low-cost affiliate of AirAsia, selected a suite of Rockwell Collins avionics for 60 new Airbus A320 and A330 aircraft, with an option for 40 additional aircraft. AirAsia X's 15 Airbus A330 aircraft will be supported by a 15-year Rockwell Collins service and support agreement under which Rockwell Collins will provide maintenance support at a set price per flight hour, billed on a single monthly invoice. This is in addition to a Rockwell Collins service and support contract with AirAsia for 100 A320 aircraft.

* Pinnacle Airlines awarded Rockwell Collins a Dispatch 100 service contract to support its 16 new Bombardier CRJ900 fleet. Under the terms of the 10-year contract, Rockwell Collins will provide Pinnacle with spares ownership, logistics management, maintenance repair and on-site technical support under a single per flight hour price and a single point of contact.

Thai Aviation Industries awarded Rockwell Collins the second phase of a contract to upgrade the Royal Thai Air Force's (RTAF) fleet of C-130 aircraft with an integrated Communications, Navigation, Surveillance/Air Traffic Management (CNS/ATM) solution. The first phase called for completing the avionics upgrade on six C-130 aircraft, while Phase 2 will include the avionics system upgrade for the final six aircraft of their C-130 fleet. Phase 2 will also include a System Integration Laboratory (SIL) to support RTAF's maintenance of the avionics system and pilot familiarization with the Flight2[TM] system. Rockwell Collins will deliver the upgraded solution based on the company's Flight2[TM] avionics system, which includes an Ethernet-based Integrated Processing Center (IPC) with flight management capabilities and large format multifunction liquid crystal displays.

Integrated Guidance Systems LLC (IGS LLC), a Honeywell International and Rockwell Collins joint venture, was awarded a subcontract to provide the deeply integrated navigator for the U.S. Army Non-Line of Sight-Launch System (NLOS-LS) program. The initial contract calls for IGS LLC to develop guidance systems for the NLOS-LS Precision Attack Missile (PAM) and Container Launch Unit (CLU). Deliveries are expected to begin in 2009, with potential quantities of up to 30,700 PAM and 900 CLU systems being delivered over the next 15 years.

Rockwell Collins was selected by Jordan Aeronautical Systems Company (JAC) for the upgrade of F-5 fighter aircraft. Rockwell Collins Government Systems will provide a Rockwell Collins Business and Regional avionics system to JAC for the upgrade of 15 F-5 fighter aircraft which are to be resold to the Kenyan Air Force. The contract also provides for the initial installation and additional modification support for an estimated 14 months.