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Rockwell Collins’ Fourth Quarter Earnings, Sales Rise; To Acquire B/E Aerospace

Cal Biesecker By
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Rockwell Collins’ Fourth Quarter Earnings, Sales Rise; To Acquire B/E Aerospace

Rockwell Collins [COL] on Sunday posted higher fourth quarter income and sales due largely to its government contracting work and the company also announced it has agreed to acquire B/E Aerospace [BEAV] in a $6.4 billion deal that would significantly expand its commercial business.Net income rose 13 percent to $208 million, $1.58 earnings per share (EPS), from $184 million ($1.38 EPS) a year ago, topping consensus estimates by a penny per share. Sales in the quarter rose 4 percent to…

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