Boeing Strikes Lead to Rockwell Collins Lower ‘09 Outlook (COL, BA)
By:
Dividend Daily
Posted on November 03, 2008 at 11:22 AM EST
Aviation electronics maker Rockwell Collins, Inc. (COL)’s Q4 profit rose 17% over the previous year, but multiple strikes at Boeing, one of the company’s biggest clients, led to a 2009 profit forecast reduction. Rockwell Collins lowered its 2009 fiscal revenue forecast by an additional $40 million, citing a longer-than-expected work stoppage at The Boeing Company (BA). [...]
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