Posted on: 15 July 2010 by Ross McSweeny
Sales of Rockwell Collins’ widebody in-flight entertainment systems slumped from $23 million in the third quarter of fiscal year 2009 to just $10 million in the three months to June 2010, though rises in both original equipment and aftermarket sales helped the company’s Commercial Systems division increase its turnover from $433 to $460 million for a profit level with the previous year’s at $75 million, an operating margin of 16.3 per cent.
Nine-month figures showed a less dramatic 32 per cent fall in IFE product sales, from $61 million in 2009 to $39 million this year.
Overall, the company reported a net profit for the quarter $3 million down at $142 million on sales up $130 million at $1,214 million as both Commercial and Government Systems posted year-on-year increases in revenue for the first time since the fourth quarter of fiscal year 2008.
"The commercial markets show solid improvement and our defense business continues its steady progress," comments chairman, President and CEO Clay Jones.