Rockwell Collins Profile

Rockwell Collins,based in Cedar Rapids,Iowa,designs,produces and supports flight-deck avionics;cabin electronics;mission communications;information management;and simulation and training.The aerospace and defence firm has a global workforce of nearly 20,000 striving to be the most trusted source of aviation and high-integrity solutions in the world.For example,the company points out that nearly 70% of US and allied military airborne communications are transmitted on Rockwell communications systems.*
Kelly Ortberg is the Chairman,President and CEO of NYSE-listed Rockwell Collins.
From Electronic Warfare and Intelligence;Navigation and Guidance;Radar and Surveillance;to Space Components,Rockwell sees itself as a pioneer in the industry it helped create.*
Rockwell Collins Inc (COL)

What the Floods Mean

Gary Thayer of Wachovia Bank(WB) has been studying the impact of the recent flooding in America's Midwest.Over the next year,the resulting spike in commodities will mean an 80% increase in corn prices.It will probably push food inflation over 5%-maybe to 6% or so,Mr.Thayer said.The damage to Iowa is pretty close to that of the 1993 floods.Probably we will see a distortion in economic data for the next few weeks because of the floods.From this point going forward,we're going to be getting concrete data,as opposed to anecdotes.The floods will probably affect us for the rest of the year,Mr.Thayer predicted.Crop losses are projected at over three billion dollars U.S.,and it's too late to replant.