Rockwell Collins Inc. COL has been awarded a modification contract from the U.S. Navy to provide additional AN/ARC-210 radios and ancillary equipment for domestic as well as foreign allies. The contract is valued at $60.1 million.
Per the contract, Rockwell Collins will provide additional AN/ARC-210 radios and ancillary equipment for domestic and Foreign Military Sales (FMS) platforms. Rockwell Collins will perform the activity at its facility in Cedar Rapids, IA and the work is expected to be completed by Sep 2018. Contracting activity is the Naval Air Systems Command, Patuxent River, MD.
The company has already supplied more than 30,000 AN/ARC-210 radios worldwide on over 180 platforms, making them the accepted choice for multiband, multimode communications.
Notably, Rockwell Collins’ RT-1939(C) (ARC-210 Generation5) is the most innovative Receiver-Transmitter (RT) in its proven ARC-210 communication system family.
On a global scale, the demand for weapons has witnessed a gradual turn. Instead of guns and ammunition, growing demand is witnessed for sensors, missiles and next-generation ISR technologies. With this there has emerged an evolving need for transmission and communication security solutions. To comply with the National Security Agency’s (NSA) Cryptographic Modernization Initiative, the RT-1939(C) is the first military airborne transceiver to supply an embedded, fully programmable INFOSEC capability.
Rockwell Collins has an unwavering focus on research and development (R&D), which enables it to clinch lucrative deals. Under its R&D program, the company invested $242 million in second-quarter fiscal 2016. It intends to invest about $1 billion in fiscal 2016. Continuous spending on R&D helps the company to develop high quality and technically advanced products.
Zacks Rank
Rockwell Collins currently holds a Zacks Rank #2 (Buy). Other well-placed stocks in the aerospace defense equipment industry include TransDigm Group Incorporated TDG, B/E Aerospace Inc. BEAV and CAE Inc. CAE. While TransDigm Group sport a Zacks Rank #1 (Strong Buy), B/E Aerospace and CAE carry the same rank as Rockwell Collins.
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