Rockwell Collins, a supplier of cockpit electronics to Boeing, may lose as much as $15 million a month in sales next fiscal year because...
Rockwell Collins, a supplier of cockpit electronics to Boeing, may lose as much as $15 million a month in sales next fiscal year because of a Machinists strike that has shut down Boeing’s commercial-airliner factories.
For each month Boeing production is halted, Rockwell Collins profit will be reduced by $3 million to $5 million, or 1 cent to 2 cents a share, in fiscal 2006, the Cedar Rapids, Iowa-based company said yesterday. The strike, in its 13th day, won’t hurt this quarter’s results, spokeswoman Nancy Welsh said.
Vendors such as Goodrich and General Electric say their business hasn’t been hurt by the shutdown. Honeywell International, the world’s biggest maker of airplane controls, is still shipping products to Boeing, spokesman Bill Reavis said.
“The strike has had no impact on us,” he said.
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