Delaware
|
52-2314475
|
|
(State
or other jurisdiction
|
(I.R.S.
Employer
|
|
of
incorporation or organization)
|
Identification
No.)
|
|
400
Collins Road NE
|
||
Cedar
Rapids, Iowa
|
52498
|
|
(Address
of principal executive offices)
|
(Zip
Code)
|
Large accelerated filer þ | Accelerated filer o | Non-accelerated filer o | Smaller reporting company o |
(Do not check
if a smaller reporting
company)
|
Page
No.
|
|||
PART
I.
|
FINANCIAL
INFORMATION:
|
||
Item
1.
|
Condensed
Consolidated Financial Statements:
|
||
Condensed
Consolidated Statement of Financial Position (Unaudited)
--
|
|||
December
31, 2008 and September 30, 2008
|
2
|
||
Condensed
Consolidated Statement of Operations (Unaudited) --
|
|||
Three
Months Ended December 31, 2008 and 2007
|
3
|
||
Condensed
Consolidated Statement of Cash Flows (Unaudited) --
|
|||
Three
Months Ended December 31, 2008 and 2007
|
4
|
||
Notes
to Condensed Consolidated Financial Statements (Unaudited)
|
5
|
||
Item
2.
|
Management's
Discussion and Analysis of
|
||
Financial
Condition and Results of Operations
|
18
|
||
Item
3.
|
Quantitative
and Qualitative Disclosures about Market Risk
|
25
|
|
Item
4.
|
Controls
and Procedures
|
25
|
|
PART
II.
|
OTHER
INFORMATION:
|
||
Item
2.
|
Unregistered
Sales of Equity Securities and Use of Proceeds
|
26
|
|
Item
6.
|
Exhibits
|
27
|
|
Signatures
|
|
28
|
December
31,
|
September
30,
|
|||||||
2008
|
2008
|
|||||||
ASSETS
|
||||||||
Current
Assets:
|
||||||||
Cash
and cash equivalents
|
$ | 200 | $ | 175 | ||||
Receivables
|
852 | 950 | ||||||
Inventories
|
1,026 | 970 | ||||||
Current
deferred income taxes
|
141 | 139 | ||||||
Other
current assets
|
88 | 104 | ||||||
Total
current assets
|
2,307 | 2,338 | ||||||
Property
|
680 | 680 | ||||||
Intangible
Assets
|
227 | 198 | ||||||
Goodwill
|
628 | 609 | ||||||
Other
Assets
|
351 | 319 | ||||||
TOTAL
ASSETS
|
$ | 4,193 | $ | 4,144 | ||||
LIABILITIES AND
SHAREOWNERS' EQUITY
|
||||||||
Current Liabilities:
|
||||||||
Short-term
debt
|
$ | 441 | $ | 287 | ||||
Accounts
payable
|
310 | 419 | ||||||
Compensation
and benefits
|
174 | 295 | ||||||
Advance
payments from customers
|
301 | 308 | ||||||
Product
warranty costs
|
224 | 226 | ||||||
Income
taxes payable
|
62 | 2 | ||||||
Other
current liabilities
|
204 | 203 | ||||||
Total
current liabilities
|
1,716 | 1,740 | ||||||
Long-term
Debt
|
235 | 228 | ||||||
Retirement
Benefits
|
587 | 600 | ||||||
Other
Liabilities
|
168 | 168 | ||||||
Shareowners' Equity:
|
||||||||
Common
stock ($0.01 par value; shares authorized: 1,000;
|
||||||||
shares
issued: 183.8)
|
2 | 2 | ||||||
Additional
paid-in capital
|
1,379 | 1,378 | ||||||
Retained
earnings
|
2,149 | 2,058 | ||||||
Accumulated
other comprehensive loss
|
(590 | ) | (578 | ) | ||||
Common
stock in treasury, at cost (shares held: December 31, 2008,
25.7;
|
||||||||
September
30, 2008, 25.2)
|
(1,453 | ) | (1,452 | ) | ||||
Total
shareowners' equity
|
1,487 | 1,408 | ||||||
TOTAL
LIABILITIES AND SHAREOWNERS’ EQUITY
|
$ | 4,193 | $ | 4,144 |
Three
Months Ended
|
||||||||
December
31
|
||||||||
2008
|
2007
|
|||||||
Sales:
|
||||||||
Product
sales
|
$ | 958 | $ | 1,010 | ||||
Service
sales
|
100 | 102 | ||||||
Total
sales
|
1,058 | 1,112 | ||||||
Costs,
expenses and other:
|
||||||||
Product
cost of sales
|
664 | 701 | ||||||
Service
cost of sales
|
68 | 68 | ||||||
Selling,
general and administrative expenses
|
105 | 111 | ||||||
Interest
expense
|
4 | 5 | ||||||
Other
income, net
|
(5 | ) | (5 | ) | ||||
Total
costs, expenses and other
|
836 | 880 | ||||||
Income
before income taxes
|
222 | 232 | ||||||
Income
tax provision
|
71 | 78 | ||||||
Net
income
|
$ | 151 | $ | 154 | ||||
Earnings
per share:
|
||||||||
Basic
|
$ | 0.96 | $ | 0.95 | ||||
Diluted
|
$ | 0.95 | $ | 0.93 | ||||
Weighted
average common shares:
|
||||||||
Basic
|
158.1 | 162.9 | ||||||
Diluted
|
159.2 | 165.3 | ||||||
Cash
dividends per share
|
$ | 0.24 | $ | 0.16 |
Three
Months Ended
|
||||||||
December
31
|
||||||||
2008
|
2007
|
|||||||
Operating
Activities:
|
||||||||
Net
income
|
$ | 151 | $ | 154 | ||||
Adjustments
to arrive at cash provided by operating activities:
|
||||||||
Depreciation
|
26 | 25 | ||||||
Amortization
of intangible assets
|
6 | 6 | ||||||
Stock-based
compensation
|
5 | 5 | ||||||
Compensation
and benefits paid in common stock
|
17 | 13 | ||||||
Tax
benefit from the exercise of stock options
|
- | 4 | ||||||
Excess
tax benefit from stock-based compensation
|
- | (4 | ) | |||||
Deferred
income taxes
|
- | (1 | ) | |||||
Pension
plan contributions
|
(4 | ) | (2 | ) | ||||
Changes
in assets and liabilities, excluding effects of
acquisitions
|
||||||||
and
foreign currency adjustments:
|
||||||||
Receivables
|
76 | 23 | ||||||
Inventories
|
(63 | ) | (107 | ) | ||||
Accounts
payable
|
(92 | ) | (16 | ) | ||||
Advance
payments from customers
|
(22 | ) | 22 | |||||
Compensation
and benefits
|
(121 | ) | (90 | ) | ||||
Income
taxes
|
86 | 51 | ||||||
Other
assets and liabilities
|
(44 | ) | (51 | ) | ||||
Cash
Provided by Operating Activities
|
21 | 32 | ||||||
Investing
Activities:
|
||||||||
Property
additions
|
(45 | ) | (43 | ) | ||||
Acquisition
of businesses, net of cash acquired
|
(28 | ) | - | |||||
Acquisition
of intangible assets
|
- | (2 | ) | |||||
Other
investing
|
- | (1 | ) | |||||
Cash
Used for Investing Activities
|
(73 | ) | (46 | ) | ||||
Financing
Activities:
|
||||||||
Purchases
of treasury stock
|
(41 | ) | (224 | ) | ||||
Cash
dividends
|
(38 | ) | (26 | ) | ||||
Increase
in short-term borrowings
|
154 | 190 | ||||||
Proceeds
from exercise of stock options
|
1 | 6 | ||||||
Excess
tax benefit from stock-based compensation
|
- | 4 | ||||||
Cash
Provided by / (Used for) Financing Activities
|
76 | (50 | ) | |||||
Effect
of exchange rate changes on cash and cash equivalents
|
1 | 4 | ||||||
Net
Change in Cash and Cash Equivalents
|
25 | (60 | ) | |||||
Cash
and Cash Equivalents at Beginning of Period
|
175 | 231 | ||||||
Cash
and Cash Equivalents at End of Period
|
$ | 200 | $ | 171 |
1.
|
Business
Description and Basis of
Presentation
|
2.
|
Recently
Issued Accounting Standards
|
3.
|
Acquisitions
|
4.
|
Receivables
|
December
31,
|
September
30,
|
|||||||
2008
|
2008
|
|||||||
Billed
|
$ | 642 | $ | 726 | ||||
Unbilled
|
239 | 254 | ||||||
Less
progress payments
|
(20 | ) | (21 | ) | ||||
Total
|
861 | 959 | ||||||
Less
allowance for doubtful accounts
|
(9 | ) | (9 | ) | ||||
Receivables
|
$ | 852 | $ | 950 |
5.
|
Inventories
|
December
31,
|
September
30,
|
|||||||
2008
|
2008
|
|||||||
Finished
goods
|
$ | 228 | $ | 244 | ||||
Work
in process
|
479 | 436 | ||||||
Raw
materials, parts, and supplies
|
382 | 362 | ||||||
Total
|
1,089 | 1,042 | ||||||
Less
progress payments
|
(63 | ) | (72 | ) | ||||
Inventories
|
$ | 1,026 | $ | 970 |
6.
|
Property
|
December
31,
|
September
30,
|
|||||||
2008
|
2008
|
|||||||
Land
|
$ | 30 | $ | 30 | ||||
Buildings
and improvements
|
344 | 342 | ||||||
Machinery
and equipment
|
819 | 807 | ||||||
Information
systems software and hardware
|
247 | 243 | ||||||
Furniture
and fixtures
|
61 | 60 | ||||||
Construction
in progress
|
96 | 99 | ||||||
Total
|
1,597 | 1,581 | ||||||
Less
accumulated depreciation
|
(917 | ) | (901 | ) | ||||
Property
|
$ | 680 | $ | 680 |
7.
|
Goodwill
and Intangible Assets
|
Government
|
Commercial
|
|||||||||||
Systems
|
Systems
|
Total
|
||||||||||
Balance
at September 30, 2008
|
$ | 418 | $ | 191 | $ | 609 | ||||||
SEOS
acquisition
|
15 | 7 | 22 | |||||||||
Foreign
currency translation adjustment
|
(1 | ) | (1 | ) | (2 | ) | ||||||
Other
adjustments to goodwill
|
(1 | ) | - | (1 | ) | |||||||
Balance
at December 31, 2008
|
$ | 431 | $ | 197 | $ | 628 |
December
31, 2008
|
September
30, 2008
|
|||||||||||||||||||||||
Accum
|
Accum
|
|||||||||||||||||||||||
Gross
|
Amort
|
Net
|
Gross
|
Amort
|
Net
|
|||||||||||||||||||
Intangible
assets with finite lives:
|
||||||||||||||||||||||||
Developed
technology and patents
|
$ | 186 | $ | (91 | ) | $ | 95 | $ | 181 | $ | (87 | ) | $ | 94 | ||||||||||
License
agreements
|
20 | (4 | ) | 16 | 20 | (4 | ) | 16 | ||||||||||||||||
Customer
relationships
|
135 | (27 | ) | 108 | 105 | (25 | ) | 80 | ||||||||||||||||
Trademarks
and tradenames
|
14 | (8 | ) | 6 | 14 | (8 | ) | 6 | ||||||||||||||||
Intangible
assets with indefinite lives:
|
||||||||||||||||||||||||
Trademarks
and tradenames
|
2 | - | 2 | 2 | - | 2 | ||||||||||||||||||
Intangible
assets
|
$ | 357 | $ | (130 | ) | $ | 227 | $ | 322 | $ | (124 | ) | $ | 198 |
8.
|
Other
Assets
|
December
31,
|
September
30,
|
|||||||
2008
|
2008
|
|||||||
Long-term
deferred income taxes
|
$ | 142 | $ | 144 | ||||
Long-term
receivables
|
98 | 71 | ||||||
Investments
in equity affiliates
|
11 | 9 | ||||||
Exchange
and rental assets, net of accumulated depreciation of $98
at
|
||||||||
December
31, 2008 and $98 at September 30, 2008
|
40 | 41 | ||||||
Other
|
60 | 54 | ||||||
Other
assets
|
$ | 351 | $ | 319 |
9.
|
Other
Current Liabilities
|
December
31,
|
September
30,
|
|||||||
2008
|
2008
|
|||||||
Customer
incentives
|
$ | 113 | $ | 119 | ||||
Contract
reserves
|
13 | 13 | ||||||
Other
|
78 | 71 | ||||||
Other
current liabilities
|
$ | 204 | $ | 203 |
10.
|
Debt
|
December
31,
|
September
30,
|
|||||||
2008
|
2008
|
|||||||
Principal
amount of notes due December 1, 2013
|
$ | 200 | $ | 200 | ||||
Principal
amount of variable rate loan facility due June 2011
|
24 | 24 | ||||||
Fair
value swap adjustment
|
11 | 4 | ||||||
Long-term
debt
|
$ | 235 | $ | 228 |
11.
|
Retirement
Benefits
|
Other
|
||||||||||||||||
Pension Benefits
|
Retirement Benefits
|
|||||||||||||||
Three
Months Ended
|
Three
Months Ended
|
|||||||||||||||
December
31
|
December
31
|
|||||||||||||||
2008
|
2007
|
2008
|
2007
|
|||||||||||||
Service
cost
|
$ | 2 | $ | 2 | $ | 1 | $ | 1 | ||||||||
Interest
cost
|
42 | 40 | 3 | 4 | ||||||||||||
Expected
return on plan assets
|
(49 | ) | (50 | ) | - | - | ||||||||||
Amortization:
|
||||||||||||||||
Prior
service cost
|
(5 | ) | (5 | ) | (6 | ) | (9 | ) | ||||||||
Net
actuarial loss
|
7 | 12 | 3 | 3 | ||||||||||||
Net
benefit expense (income)
|
$ | (3 | ) | $ | (1 | ) | $ | 1 | $ | (1 | ) |
12.
|
Stock-Based
Compensation
|
Three
Months Ended
|
||||||||
December
31
|
||||||||
2008
|
2007
|
|||||||
Stock-based
compensation expense included in:
|
||||||||
Product
cost of sales
|
$ | 1 | $ | 1 | ||||
Service
cost of sales
|
1 | 1 | ||||||
Selling,
general and administrative expenses
|
3 | 3 | ||||||
Total
|
$ | 5 | $ | 5 |
Performance
|
Restricted
|
Restricted
|
||||||||||||||||||||||||||||||
Options
|
Shares
|
Stock
|
Stock Units
|
|||||||||||||||||||||||||||||
Weighted
|
Weighted
|
Weighted
|
Weighted
|
|||||||||||||||||||||||||||||
Number
|
Average
|
Number
|
Average
|
Number
|
Average
|
Number
|
Average
|
|||||||||||||||||||||||||
Issued
|
Fair Value
|
Issued
|
Fair Value
|
Issued
|
Fair Value
|
Issued
|
Fair Value
|
|||||||||||||||||||||||||
Three
months ended
|
||||||||||||||||||||||||||||||||
December
31, 2008
|
1,290,700 | $ | 7.07 | 299,948 | $ | 30.39 | 98,670 | $ | 30.39 | 15,454 | $ | 33.83 | ||||||||||||||||||||
Three
months ended
|
||||||||||||||||||||||||||||||||
December
31, 2007
|
339,290 | $ | 23.60 | 107,484 | $ | 74.05 | 38,900 | $ | 74.05 | 6,972 | $ | 74.31 |
2009
|
2008
|
|||||||
Grants
|
Grants
|
|||||||
Risk-free
interest rate (U.S. Treasury zero coupon issues)
|
2.36 | % | 3.86 | % | ||||
Expected
dividend yield
|
1.59 | % | 0.98 | % | ||||
Expected
volatility
|
0.24 | 0.30 | ||||||
Expected
life
|
6.4
years
|
6.0
years
|
13.
|
Comprehensive
Income
|
Three
Months Ended
|
||||||||
December
31
|
||||||||
2008
|
2007
|
|||||||
Net
income
|
$ | 151 | $ | 154 | ||||
Unrealized
foreign currency translation adjustment
|
(7 | ) | 3 | |||||
Foreign
currency cash flow hedge adjustment
|
(5 | ) | 1 | |||||
Amortization
of defined benefit plan costs
|
- | 1 | ||||||
Comprehensive
income
|
$ | 139 | $ | 159 |
14.
|
Other
Income, Net
|
Three
Months Ended
|
||||||||
December
31
|
||||||||
2008
|
2007
|
|||||||
Earnings
from equity affiliates
|
$ | 2 | $ | 3 | ||||
Interest
income
|
2 | 2 | ||||||
Royalty
income
|
1 | 2 | ||||||
Other,
net
|
- | (2 | ) | |||||
Other
income, net
|
$ | 5 | $ | 5 |
15.
|
Income
Taxes
|
16.
|
Financial
Instruments
|
Level
1 -
|
quoted prices (unadjusted) in
active markets for identical assets or
liabilities
|
Level
2 -
|
quoted prices for similar assets
and liabilities in active markets or inputs that are observable
for
|
|
the asset or liability, either
directly or indirectly through market corroboration, for
substantially
|
the full term of the financial
instrument
|
|
Level
3 -
|
unobservable inputs based on the
Company’s own assumptions used to measure assets
and
|
|
liabilities at fair
value
|
Carrying
|
Quoted
prices
|
Significant
other
|
Significant
|
|||||||||||||
Amount
|
in
active
|
observable
|
unobservable
|
|||||||||||||
Asset
|
markets
|
inputs
|
inputs
|
|||||||||||||
(Liability)
|
(Level 1)
|
(Level
2)
|
(Level 3)
|
|||||||||||||
Deferred
compensation plan investments
|
$ | 30 | $ | 30 | $ | - | $ | - | ||||||||
Interest
rate swaps
|
11 | - | 11 | - | ||||||||||||
Foreign
currency forward exchange contracts .
|
(7 | ) | - | (7 | ) | - |
17.
|
Guarantees
and Indemnifications
|
Three
Months Ended
|
||||||||
December
31
|
||||||||
2008
|
2007
|
|||||||
Balance
at beginning of year
|
$ | 226 | $ | 213 | ||||
Warranty
costs incurred
|
(13 | ) | (13 | ) | ||||
Product
warranty accrual
|
11 | 16 | ||||||
Pre-existing
warranty adjustments
|
- | - | ||||||
Balance
at December 31
|
$ | 224 | $ | 216 |
18.
|
Environmental
Matters
|
19.
|
Legal
Matters
|
20.
|
Business
Segment Information
|
|
The
sales and results of operations of the Company’s operating segments are
summarized as follows (in
millions):
|
Three
Months Ended
|
||||||||
December
31
|
||||||||
2008
|
2007
|
|||||||
Sales:
|
||||||||
Government
Systems
|
$ | 574 | $ | 547 | ||||
Commercial
Systems
|
484 | 565 | ||||||
Total
sales
|
$ | 1,058 | $ | 1,112 | ||||
Segment
operating earnings:
|
||||||||
Government
Systems
|
$ | 140 | $ | 115 | ||||
Commercial
Systems
|
97 | 137 | ||||||
Total
segment operating earnings
|
237 | 252 | ||||||
Interest
expense
|
(4 | ) | (5 | ) | ||||
Stock-based
compensation
|
(5 | ) | (5 | ) | ||||
General
corporate, net
|
(6 | ) | (10 | ) | ||||
Income
before income taxes
|
222 | 232 | ||||||
Income
tax provision
|
71 | 78 | ||||||
Net
income
|
$ | 151 | $ | 154 |
Three
Months Ended
|
||||||||
December
31
|
||||||||
2008
|
2007
|
|||||||
Government
Systems product categories:
|
||||||||
Airborne
solutions
|
$ | 403 | $ | 375 | ||||
Surface
solutions
|
171 | 172 | ||||||
Total
Government Systems sales
|
$ | 574 | $ | 547 | ||||
Commercial
Systems product categories:
|
||||||||
Air
transport aviation electronics
|
$ | 220 | $ | 301 | ||||
Business
and regional aviation electronics
|
264 | 264 | ||||||
Total
Commercial Systems sales
|
$ | 484 | $ | 565 |
RESULTS
OF OPERATIONS
|
Sales
|
||||||||
(dollars
in millions)
|
Three
Months Ended
|
|||||||
December
31
|
||||||||
2008
|
2007
|
|||||||
Total
sales
|
$ | 1,058 | $ | 1,112 | ||||
Percent
(decrease)
|
(5 | )% |
(dollars
in millions, except per share amounts)
|
Three
Months Ended
|
|||||||
December
31
|
||||||||
2008
|
2007
|
|||||||
Net
income
|
$ | 151 | $ | 154 | ||||
Net
income as a percent of sales
|
14.3 | % | 13.8 | % | ||||
Diluted
earnings per share
|
$ | 0.95 | $ | 0.93 |
(dollars
in millions)
|
Three
Months Ended
|
|||||||
December
31
|
||||||||
2008
|
2007
|
|||||||
Airborne
solutions
|
$ | 403 | $ | 375 | ||||
Surface
solutions
|
171 | 172 | ||||||
Total
|
$ | 574 | $ | 547 | ||||
Percent
increase
|
5 | % |
(dollars
in millions)
|
Three
Months Ended
|
|||||||
December
31
|
||||||||
2008
|
2007
|
|||||||
Segment
operating earnings
|
$ | 140 | $ | 115 | ||||
Percent
of sales
|
24.4 | % | 21.0 | % |
(dollars
in millions)
|
Three
Months Ended
|
|||||||
December
31
|
||||||||
2008
|
2007
|
|||||||
Wide-body
in-flight entertainment products
|
$ | 21 | $ | 41 | ||||
All
other air transport aviation electronics
|
199 | 260 | ||||||
Total
air transport aviation electronics
|
220 | 301 | ||||||
Business
and regional aviation electronics
|
264 | 264 | ||||||
Total
|
$ | 484 | $ | 565 | ||||
Percent
(decrease)
|
(14 | )% |
Three
Months Ended
|
||||||||
December
31
|
||||||||
2008
|
2007
|
|||||||
Original
equipment
|
$ | 244 | $ | 283 | ||||
Aftermarket
|
219 | 241 | ||||||
Wide-body
in-flight entertainment products
|
21 | 41 | ||||||
Total
|
$ | 484 | $ | 565 |
(dollars
in millions)
|
Three
Months Ended
|
|||||||
December
31
|
||||||||
2008
|
2007
|
|||||||
Segment
operating earnings
|
$ | 97 | $ | 137 | ||||
Percent
of sales
|
20.0 | % | 24.2 | % |
Three
Months Ended
|
||||||||
December
31
|
||||||||
2008
|
2007
|
|||||||
Pension
benefits
|
$ | (3 | ) | $ | (1 | ) | ||
Other
retirement benefits
|
1 | (1 | ) | |||||
Net
benefit expense (income)
|
$ | (2 | ) | $ | (2 | ) |
|
·
|
Total
revenues of about $4.70 billion
|
|
·
|
Diluted
earnings per share in the range of $4.10 to
$4.30
|
|
·
|
Cash
flow from operations in the range of $675 million to $725
million
|
|
·
|
R&D
expenditures of about $900 million, or about 19 percent of
sales
|
FINANCIAL
CONDITION AND LIQUIDITY
|
(in
millions)
|
Three
Months Ended
|
|||||||
December
31
|
||||||||
2008
|
2007
|
|||||||
Cash
provided by operating activities
|
$ | 21 | $ | 32 |
(in
millions)
|
Three
Months Ended
|
|||||||
December
31
|
||||||||
2008
|
2007
|
|||||||
Cash
used for investing activities
|
$ | (73 | ) | $ | (46 | ) |
(in
millions)
|
Three
Months Ended
|
|||||||
December
31
|
||||||||
2008
|
2007
|
|||||||
Cash
provided by / (used for) financing activities
|
$ | 76 | $ | (50 | ) |
ENVIRONMENTAL
|
CRITICAL ACCOUNTING POLICIES |
CAUTIONARY
STATEMENT
|
Period
|
Total
Number of Shares Purchased
|
Average
Price Paid
per
Share
|
Total
Number of Shares Purchased as Part of Publicly Announced
Plans
or Programs
|
Maximum
Number
(or
Appropriate
Dollar
Value) of
Shares
that May Yet
Be
Purchased
Under
the Plans
or
Programs 1
|
|||||||||
October
1, 2008 through October 31, 2008
|
450,000 | $ | 36.69 | 450,000 |
$148
million
|
||||||||
November
1, 2008 through November
30, 2008
|
410,000 | $ | 32.22 | 410,000 |
$135
million
|
||||||||
December
1, 2008 through December
31, 2008
|
360,000 | $ | 36.57 | 360,000 |
$122
million
|
||||||||
Total
|
1,220,000 | $ | 35.15 | 1,220,000 |
$122
million
|
Item 6. | Exhibits |
(a)
|
Exhibits
|
|
12
|
Computation
of Ratio of Earnings to Fixed Charges for the three months ended December
31, 2008.
|
|
31.1
|
Certification
by Chief Executive Officer Pursuant to Rule 13a-14(a) of the Securities
Exchange Act of 1934.
|
|
31.2
|
Certification
by Chief Financial Officer Pursuant to Rule 13a-14(a) of the Securities
Exchange Act of 1934.
|
|
32.1
|
Certification
by Chief Executive Officer Pursuant to 18 U.S.C. Section 1350, as adopted
pursuant to Section 906 of the Sarbanes-Oxlay Act of
2002.
|
|
32.2
|
Certification
by Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as adopted
pursuant to Section 906 of the Sarbanes-Oxley Act of
2002.
|
ROCKWELL COLLINS, INC. | |||
(Registrant)
|
|||
Date: February
3, 2009
|
By:
|
/s/ M. A. Schulte | |
M. A. Schulte | |||
Vice President, Finance and Controller | |||
(Principal Accounting Officer) |
Date: February
3, 2009
|
By:
|
/s/ G. R. Chadick | |
G. R. Chadick | |||
Senior Vice President, | |||
General Counsel and Secretary |