Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Rockwell Collins    COL

ROCKWELL COLLINS (COL)
Mes dernières consult.
Most popular
Report
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets
The feature you requested does not exist. However, we suggest the following feature:

Boeing to make aircraft seats with car supplier Adient to cut delays

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/17/2018 | 11:28pm CET
FILE PHOTO: Boeing's logo is seen during Japan Aerospace 2016 air show in Tokyo

Boeing (>> Boeing Company (The)) is moving into making aircraft seats to try to reduce costly delays to deliveries by plane manufacturers, forming a joint venture with car seating leader Adient (>> Adient PLC).

Boeing (>> Boeing Company (The)) is moving into making aircraft seats to try to reduce costly delays to deliveries by plane manufacturers, forming a joint venture with car seating leader Adient (>> Adient PLC).

Adient Aerospace will develop and sell seats to airlines and leasing companies, both for installation on new airplanes and as retrofits on planes made by Boeing and rival manufacturers, the two companies said late on Tuesday.

They cited forecasts suggesting the aircraft seating market would grow from $4.5 billion in 2017 to $6 billion by 2026.

Adient's tie-up with Boeing is the industry's latest response to industrial problems in aircraft interiors, with congestion in cabin supplies contributing to late airplane deliveries in the past two years.

These can cost airplane manufacturers $100,000 a day, said Vertical Research Partners analyst Rob Stallard, making the bottlenecks in aircraft seating a top industry priority.

"Both companies are investing in this joint venture because the seating supply chain has been a persistent challenge for customers and the industry. Boeing and Adient believe we can add value to the market," Adient's global communications director, Ulrich Andree, told Reuters.

Adient, spun off from Johnson Controls (>> Johnson Controls International) in 2016, says it is the largest automotive seats maker, with a 34 percent share of a business dominated by five companies, and its 75,000 workers supply seats and interiors for 25 million vehicles a year.

Traditionally, aircraft seat makers like B/E Aerospace (>> Rockwell Collins) and Zodiac Aerospace (>> Zodiac Aerospace) sell seats directly to airlines, a process that can involve multiple customized designs and regulatory approvals and lead in turn to industrial delays.

France's Zodiac is in the process of being taken over by French engine maker Safran (>> Safran) after a three-year factory crisis and a spate of profit warnings.

The new venture deepens Boeing's involvement in the supply chain for cabin interiors after it introduced a new supplier of economy-class seats for its top-selling 737 series in late 2016: Huntington Beach, California-based LIFT by EnCore.

That was seen as the first deal in which Boeing had agreed to buy seats from the supplier and offer them directly to airlines in an effort to reduce risk.

But Adient Aerospace expects to follow the more traditional model of selling directly to airlines, Andree said, adding the company expects to start with a business seats program.

The new venture reflects a shift by manufacturers like Boeing and Airbus towards greater vertical integration to reduce industrial risks and improve profit margins.

Adient Aerospace's headquarters and initial factory will be based near Frankfurt and it will be 50.01 percent-owned by Adient. No financial details were released. The date for starting operations has not been decided, Andree said.

(Reporting by Tim Hepher; Editing by Alexander Smith and Mark Potter)

By Tim Hepher

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ROCKWELL COLLINS
01/17 Boeing to make aircraft seats with car supplier Adient to cut delays
01/15 ROCKWELL COLLINS, INC. (NYSE : COL) Files An 8-K Submission of Matters to a Vote..
01/12 ROCKWELL COLLINS INC : Submission of Matters to a Vote of Security Holders (form..
01/12 ROCKWELL COLLINS : Shareholders support Rockwell sale Rockwell shareholders OK s..
01/11 ROCKWELL COLLINS : Shareholders Back $30 Billion UTC Acquisition
01/11 ROCKWELL COLLINS : rsquo; shareowners vote overwhelmingly in favor of acquisitio..
01/11 ROCKWELL COLLINS : MILITARY $883,300 Federal Contract Awarded to Rockwell Collin..
01/10 ROCKWELL COLLINS : Defense Logistics Agency gains tailored parts solution throug..
01/08 ROCKWELL COLLINS : Applications for Green Communities grants now open
01/08 ROCKWELL COLLINS : to issue first quarter fiscal year 2018 financial results on ..
More news
News from SeekingAlpha
01/16 Lockheed Martin upgraded, Northrop Grumman downgraded at Wells Fargo
01/16 WALL STREET BREAKFAST : More Records In Store For Equities
01/16 U.S. plans new nuclear weapons
01/11 Shareholders green light Rockwell-UTC deal
01/08 Goldman sees 30% rally for United Tech in 2018
Financials ($)
Sales 2018 8 699 M
EBIT 2018 1 665 M
Net income 2018 1 000 M
Debt 2018 5 525 M
Yield 2018 1,07%
P/E ratio 2018 22,23
P/E ratio 2019 19,85
EV / Sales 2018 3,22x
EV / Sales 2019 2,99x
Capitalization 22 505 M
Chart ROCKWELL COLLINS
Duration : Period :
Rockwell Collins Technical Analysis Chart | COL | US7743411016 | 4-Traders
Technical analysis trends ROCKWELL COLLINS
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Average target price 133 $
Spread / Average Target -3,0%
EPS Revisions
Managers
NameTitle
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
Sector and Competitors
1st jan.Capitalization (M$)
ROCKWELL COLLINS0.91%22 505
UNITED TECHNOLOGIES CORPORATION5.37%107 495
LOCKHEED MARTIN CORPORATION4.30%95 482
AIRBUS SE8.92%85 846
GENERAL DYNAMICS2.49%62 046
RAYTHEON4.87%56 577