Rockwell Collins said today sales in its government systems business rose about 3 percent during the most recent quarter.
Quarterly sales hit $682 million. However, quarterly profit fell 3 percent to reach $163 million.
The company said its avionics sales decreased “due to the wind-down of legacy tanker hardware deliveries and lower deliveries for various fighter platforms.”
However, the company's communication and navigation sales grew as a result of “higher legacy communication product deliveries, higher test and training range sales, and higher deliveries of GPS-related products.”
Rockwell Collins attributed the profit decline to $16 million in higher employee incentive compensation costs.