The Iowa-based aviation electronics manufacturer, Rockwell Collins (COL
), is reportedly expecting to supply systems for the 777X, Boeing’s (BA) newest commercial airliner.
According to Reuters, Kelly Ortberg, the company’s CEO, said in an online conference with Credit Suisse that, ”We don’t have a lot of standard content on the existing 777, so I think our opportunities to gain share are pretty significant on the 777X.”
The Boeing 777x is a widebody jet with capacity up to 406 people and it may enter commercial services by 2020. Rockwell Collins currently supplies avionics systems for the 787 and the company expects to have a better idea of its opportunities surrounding the new 777x by late spring or early summer in 2014.
Rockwell Collins shares inched lower on Tuesday, shedding 0.26% as the trading session drew to a close. Despite today’s lackluster price action, this stock is still up an impressive 24% year-to-date.
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