Rockwell Collins (NYSE:COL) on Thursday reaffirmed its fiscal 2010 guidance and said improved commercial markets will push revenues higher next year.
The maker of electronics for airplanes said earnings this year should fall in-line with its previous view of $3.50 a share and revenues of $4.7 billion.
In 2011, the Cedar Rapids, Iowa-based company expects its profit to climb higher, with revenue in the range of $4.8 billion to $5 billion and earnings between $3.75 and $3.95 a share.
“As conditions continue to improve in our commercial markets, the operating leverage of our shared services business model should enable us to generate EPS growth in fiscal year 2011 that is twice the rate of revenue growth,” said Rockwell CEO Clay Jones.
Growth next year is expected to be led by market share gains in both its air transport and business aviation divisions.