{"id":88187,"date":"2009-11-05T17:08:54","date_gmt":"2009-11-05T09:08:54","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/rockwell-collins-reports-loss-in-2009\/"},"modified":"2009-11-05T17:08:54","modified_gmt":"2009-11-05T09:08:54","slug":"rockwell-collins-reports-loss-in-2009","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/rockwell-collins-reports-loss-in-2009\/","title":{"rendered":"Rockwell Collins Reports Loss in 2009"},"content":{"rendered":"<p>[11-05-09] Aviation electronics and satellite terminal company <strong>Rockwell Collins <\/strong>reported a 26 percent earnings drop in its fourth quarter financial results, released Nov. 4.<br \/>\n&nbsp;&nbsp;&nbsp; The company, which merged with <strong>DataPath <\/strong>in May, reported net income of $134 million compared to $182 million in 2008. Rockwell Collins\u2019 full-year earnings also dropped 10 percent, driven&nbsp; by a 30 percent sales drop in its commercial aviation. Year-end revenues were down 6 percent from 2008. <br \/>\n&nbsp;&nbsp;&nbsp; CEO Clay Jones blamed the decline on the recession, but added that the 2009&nbsp; fourth quarter would be his company\u2019s low-point. &#8220;I believe we\u2019ll see sequential and substantial improvement as we move through the year and beyond,&#8221; said Jones.<br \/>\n&nbsp;&nbsp;&nbsp; Despite the decline in commercial aviation, the company saw a 17 percent increase in its government systems division sales and a $116 million improvement in operating earnings, which Jones said helped the company avoid the worst effects of the recession.<\/p>\n<h2>Related Stories-<\/h2>\n<p>\n<b class=\"titlelink\">Rockwell Collins to Provide Satcom Terminals to Dutch Defense<\/b>&nbsp;&nbsp; \t\t\tSatellite Today&nbsp;&nbsp; \t\t\tOctober 7, 2009<br \/>\n[10-07-09] Rockwell Collins signed a deal with the Dutch Ministry of Defense to provide Swe-Dish satcom terminals, the company announced Oct. 5. <\/p>\n<p><b class=\"titlelink\">DataPath Shareholders Approve Rockwell Collins Merger<\/b>&nbsp;&nbsp; \t\t\tSatellite Today&nbsp;&nbsp; \t\t\tMay 11, 2009<br \/>\n[05-11-09] DataPath s shareholders have approved a merger agreement, which would make DataPath a wholly\u00e2\u20ac\u2018owned subsidiary of Rockwell Collins.<\/p>\n<p><b class=\"titlelink\">DataPath Acquired by Rockwell Collins<\/b>&nbsp;&nbsp; \t\t\tSatellite Today&nbsp;&nbsp; \t\t\tApril 2, 2009<br \/>\n[04-02-09] Rockwell Collins Inc., a government and commercial communications solution provider, will acquire DataPath Inc. for about $130 million, DataPath announced April 1. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>[11-05-09] Aviation electronics and satellite terminal company Rockwell Collins reported a 26 percent earnings drop in its fourth quarter financial results, released Nov. 4. &nbsp;&nbsp;&nbsp; The company, which merged with DataPath in May, reported net income of $134 million compared to $182 million in 2008. Rockwell Collins\u2019 full-year earnings also dropped 10 percent, driven&nbsp; by [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-88187","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/88187"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=88187"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/88187\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=88187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=88187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=88187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}