- Rockwell Collins (COL +2.2%) rises following better than expected FQ1 earnings, and the company expects new jetliner deliveries continuing to rise through the end of the decade even with the slip in orders.
- "We're going to continue to see the narrow-body because of the strong backlog, continue to ramp up at both [companies]," CEO Kelly Ortberg said in today's earnings conference call, forecasting that the order cycle would continue through 2020 when Boeing's new 777X jet is due to enter service.
- Ortberg expects a repeat of the previous cycle for big jets when backlogs at Boeing and Airbus sustained production even as orders dipped and more airlines sought to defer new aircraft.
- The CEO also expresses optimism that the new Trump administration could spark a recovery in the business jet market after years of flat or declining sales.
- Ortberg expects the B/E Aerospace (BEAV -0.1%) acquisition to close this spring.