Seeking Alpha

Rockwell Collins exploring Mubadala aerospace partnership

  • Rockwell Collins (COL -0.4%) is in preliminary talks about a partnership with Abu Dhabi-based Mubadala Aerospace as it seeks to boost revenue from foreign markets, CEO Kelly Ortberg tells Bloomberg.
  • COL is expanding overseas as core markets such as U.S. defense become "pretty soft," Ortberg says; COL now gets ~40% of revenue abroad and plans to increase the proportion to 50% over five years.
  • An anticipated 9% increase in plane deliveries in the Middle East over five years will be a boon for the company given its status as a major supplier to Boeing and Airbus, according to Ortberg.
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs