Pentagon Awards Rockwell Collins $85.2 Million Radio Contract

On the same day as it reported flat earnings for its fiscal second quarter, Rockwell Collins (NYSE: COL  ) investors got some better news from one of its clients. On Friday, the Department of Defense announced that the aerospace company was being awarded a sizable $85.2 million order contract for the supply of "eight different types of spare part items for radio receiving sets, low frequency automatic direction finders, and tactical navigation systems for Army helicopters."

The award is described as being a firm-fixed-price, sole-source, ID/IQ long-term contract, which means actual orders may (or may not) be placed in increments going forward, and may (or may) not add up to $85.2 million in total value, eventually. In any case, the contract runs through April 18, 2016, so expect any sales Rockwell Collins does make to be spaced out over the next three years.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2374885, ~/Articles/ArticleHandler.aspx, 5/29/2015 6:33:12 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Apple's next smart device (warning, it may shock you

Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. But the secret is out. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early-in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here!