Rockwell Collins exploring Mubadala aerospace partnership

|About: Rockwell Collins, Inc. (COL)|By:, SA News Editor

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.