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Rockwell Collins : and Bluedrop Training and Simulation Inc. sign teaming agreement to provide joint simulation and training solutions

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11/30/2016 | 03:28pm CET
  • Two companies with complementary intellectual property to share technologies
  • Companies' portfolios offer several synergies with no overlap
  • Each company has a strong reputation for quality and excellence

CEDAR RAPIDS, Iowa (Nov. 30, 2016) - Rockwell Collins and Bluedrop Training and Simulation Inc. (BTSI) have signed a teaming agreement that will allow the companies to jointly bid and provide integrated solutions for military customers. The two companies have complementary Intellectual Property and technologies that will create more cohesive solutions that utilize real-time simulation devices and learning technologies.

'As a result of this agreement, customers will now receive a complete training solution from one resource. Together we'll cover the full spectrum -- from requirements analysis through instructional execution all on a common software architecture,' said Nick Gibbs, vice president and general manager of Simulation & Training Solutions for Rockwell Collins.

The agreement sets the framework for exploring various business opportunities between the companies.

'The blending of our intellectual property and sharing of key technologies will allow for very cost-effective solutions and an expanded capability worldwide for each company,' said Jean-Claude Siew, vice president of Technology & Simulation for BTSI.

This teaming agreement will allow for competitive bidding on a number of Canadian, United States and International contracts that are looking for turn-key, innovative training solutions. Work will be performed in Canada by BTSI at its plant in Halifax, and by Rockwell Collins Canada in Ottawa; and in the United States at Rockwell Collins Simulation and Training Solutions facilities in Sterling, Virginia; Binghamton, New York; Cedar Rapids, Iowa, and Salt Lake City, Utah.

About Bluedrop Training & Simulation Inc.
Bluedrop Training & Simulation Inc. designs and develops advanced training systems and state-of-the-art simulation products to safely train operators and maintainers of complex equipment. Our approach leverages innovative technology to provide cost-effective blended-media training content, from classroom instruction and computer-based training (CBT) through to high-fidelity training devices. Bluedrop Training & Simulation is a small to medium-sized enterprise (SME) providing a strong value proposition offering 100% Canadian designed and developed solutions.
For more information about Bluedrop, visit www.bluedrop.com.

About Rockwell Collins
Rockwell Collins is a pioneer in the development and deployment of innovative aviation and high-integrity solutions for both commercial and government applications. Our expertise in flight deck avionics, cabin electronics, mission communications, simulation and training, and information management is delivered by a global workforce, and a service and support network that crosses more than 150 countries. To find out more, please visit www.rockwellcollins.com.

Rockwell Collins Inc. published this content on 30 November 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 November 2016 14:28:02 UTC.

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Financials ($)
Sales 2017 5 391 M
EBIT 2017 1 060 M
Net income 2017 712 M
Debt 2017 1 323 M
Yield 2017 1,49%
P/E ratio 2017 17,53
P/E ratio 2018 16,41
EV / Sales 2017 2,54x
EV / Sales 2018 2,38x
Capitalization 12 397 M
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Rockwell Collins, Inc. Technical Analysis Chart | COL | US7743411016 | 4-Traders
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Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 94,1 $
Spread / Average Target -1,2%
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Robert Kelly Ortberg Chairman, President & Chief Executive Officer
Bruce Michael King Senior Vice President-Operations
Patrick E. Allen Chief Financial Officer & Senior Vice President
Nan Mattai Senior VP-Engineering & Information Technology
Chris A. Davis Independent Director
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