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US Aerospace/Defense Companies & Contracts
 
ROCKWELL COLLINS REPORTS FIRST QUARTER FINANCIAL RESULTS
Friday, January 20, 2017
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Rockwell Collins display system

Source: Rockwell Collins


Rockwell Collins display system

Source: Rockwell Collins


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CEDAR RAPIDS, Iowa - For first quarter of FY17, Rockwell Collins reported sales of $1.19 billion, a 2% increase from t$1.17 billion in the same period in fiscal year 2016. Net income for the quarter was $145 million compared to $135 million a year ago.

"I'm pleased to report a very strong quarter of operating performance with total segment margins increasing 90 basis points and adjusted earnings per share growing 17% over the prior year," said Rockwell Collins Chairman, President, and Chief Executive Officer, Kelly Ortberg. "First quarter sales were as anticipated with solid growth in our Government Systems and Information Management Services segments as well as a decline in Commercial Systems sales due to headwinds from lower business jet and aftermarket sales. As a result, we are reaffirming our financial guidance for the full year."

Ortberg continued, "We are making good progress with our pending acquisition of B/E Aerospace, which will strengthen our position as a leading supplier of cockpit and cabin solutions. Our integration planning teams are moving full speed ahead and all of our targets remain intact. I continue to be confident in our ability to achieve our synergy targets while focusing on successfully integrating these two great companies. The next major milestones include shareholder and various regulatory approvals, all of which we expect to complete in the coming months."

INDUSTRY SEGMENTS

Commercial Systems

Commercial Systems, which provides aviation electronics systems, products and services to air transport, business and regional aircraft manufacturers and airlines worldwide, achieved 2017 first quarter sales of $$549 million down two percent from $562 million in 2016. Net income was $125 million for the quarter, the same as last year.

Original equipment sales increased due to higher product deliveries in support of the Airbus A350 and Bombardier CSeries production rate increases, favorable customer timing for airline selectable equipment, and higher customer-funded development program revenues, partially offset by lower business aircraft OEM production rates. Aftermarket sales decreased due to lower regulatory mandate sales, lower spares provisioning, and lower head-up display retrofit sales to customers in China.

Commercial Systems operating earnings were flat and operating margin improved 60 basis points over the prior year. Operating margin was favorably impacted by lower research and development expense and cost saving initiatives, partially offset by a $13 million decrease in sales and sales mix, as lower margin customer-funded development revenues increased and higher margin business jet OEM sales decreased.

Government Systems

Government Systems provides a broad range of electronic products, systems and services to customers including the U.S. Department of Defense, other government agencies, civil agencies, defense contractors and ministries of defense around the world. For the first quarter of 2017 the segment reported sales of $475 million, up 5 percent from sales of $451 million in 2016. Operating income was $96 million, up 12 percent form 86 million in 2016. Avionics sales increased due to higher simulation and training program revenues and higher fixed-wing platform revenues. Communication and Navigation sales decreased due to lower communication revenues partially offset by higher datalink program sales. Operating earnings and operating margin increased due to higher sales volume and cost savings initiatives.

Information Management Services

Information Management Services (IMS) provides communication services, systems integration and security solutions across the aviation, airport, rail and nuclear security markets. Revenues from the first quarter of 2017 were $169 million, up 8 percent from $156 million in 2016. Net income rose 25 percent to $30 million from $24 million a year prior.

IMS sales increased primarily due to double-digit growth in aviation related sales. Operating earnings and operating margin increased due to higher sales volume.

Source:  Forecast International Government & Industry Group
Associated URL: www.rockwellcollins.com
Source Date: January 20, 2017
Author: R. Pettibone, Gov't & Industry  
Posted: 01/20/2017

 
 
DYNCORP AARDED AVIATION MAINTENANCE CONTRACT MOD
Thursday, January 19, 2017
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Source: DynCorp


Source: DynCorp


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PENTAGON - Dyncorp International LLC, Fort Worth, Texas, was awarded a $30,790,391 modification (P00148) to foreign military sales contract (Afghanistan, Iraq, Kuwait) W58RGZ-13-C-0040 to exercise option year three of a regional management fee for aviation field maintenance services in support of the Army Aviation and Missile Command, Aviation Field Maintenance Division outside the continental U.S. operations. This requirement includes, but is not limited to, the effort necessary to reset an aircraft to a fully mission capable condition; the installation of aircraft modifications under modification work orders; and support to various units and combat aviation brigades.

Work will be performed in Afghanistan, Iraq, and Kuwait, with an estimated completion date of Dec. 31, 2017. Fiscal 2017 operations and maintenance, Army funds in the amount of $30,790,391 were obligated at the time of the award. Army Contracting Command, Redstone Arsenal, Alabama, is the contracting activity.

Source:  DOD
Associated URL: https://www.defense.gov/News/Contracts/Contract-View/Article/1054538
Source Date: January 19, 2017
Posted: 01/20/2017

 
 
U.S. ARMY AWARDS LEIDOS SIMULATION AND TRAINING CONTRACT
Thursday, January 19, 2017
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Source: Leidos


Source: Leidos


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RESTON, Va. - Leidos was awarded a prime contract by the U.S. Army Program Executive Office - Simulation, Training and Instrumentation. The single-award cost-plus fixed-fee indefinite-delivery/indefinite-quantity delivery order has a one-year period of performance and a total contract value of approximately $22 million. The delivery order was awarded under the Synthetic Environment Core (SE Core) Common Virtual Environment Management (CVEM) contract. Work will be performed primarily in Orlando, Fla.

The U.S. Army's SE Core CVEM program provides simulations with the ability to fully integrate and interoperate within live, virtual, constructive and gaming training domains to ensure the "Fair Fight". Under the delivery order, Leidos will continue to provide comprehensive, consistent, and seamless terrain data and battlefield equipment representations to support effective and realistic training environments for a broad range of simulation systems.

Source:  www.leidos.com
Source Date: January 19, 2017
Posted: 01/19/2017

 

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