Rockwell Collins increases share repurchase authorization by US$200m

The Board of Directors of Rockwell Collins has approved the purchase of an additional US$200m of Rockwell Collins common stock. With this additional authorization, total share repurchases authorized as of July 7, 2017 is US$285m. “This additional authorization demonstrates the Board of Directors’ continued confidence in our ability to generate cash flow needed to achieve our capital deployment priorities. Consistent with our near term capital deployment strategy announced in connection with the B/E Aerospace acquisition, we expect to maintain a share repurchase program to offset dilution while we repay a significant portion of acquisition-related debt,” said Patrick Allen, senior vice president and chief financial officer for Rockwell Collins. “This additional authorization is expected to meet our share repurchase plans for the balance of fiscal year 2017 and into 2018.”