[Satellite TODAY 11-05-09] Aviation electronics and satellite terminal company Rockwell Collins reported a 26 percent earnings drop in its fourth quarter financial results, released Nov. 4.
    The company, which merged with DataPath in May, reported net income of $134 million compared to $182 million in 2008. Rockwell Collins’ full-year earnings also dropped 10 percent, driven  by a 30 percent sales drop in its commercial aviation. Year-end revenues were down 6 percent from 2008.
    CEO Clay Jones blamed the decline on the recession, but added that the 2009  fourth quarter would be his company’s low-point. "I believe we’ll see sequential and substantial improvement as we move through the year and beyond," said Jones.
    Despite the decline in commercial aviation, the company saw a 17 percent increase in its government systems division sales and a $116 million improvement in operating earnings, which Jones said helped the company avoid the worst effects of the recession.

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