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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.
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