Rockwell Collins expands share repurchase authorization by $500 million

CEDAR RAPIDS, Iowa (February 13, 2007) - The Board of Directors of Rockwell Collins (NYSE: COL) today authorized the company to purchase an additional $500 million of Rockwell Collins common stock. With this announcement, the amount of share repurchases authorized by the company's Board since the inception of the program in December 2001 now totals $2 billion.

"This additional authorization demonstrates the confidence we have in our ability to generate the cash flow necessary to continue executing our capital deployment strategy, which includes enhancing shareowner value through share repurchases," said Rockwell Collins Senior Vice President and Chief Financial Officer Patrick Allen.  As of January 31, 2007, the company had repurchased a total of 37.4 million shares for $1.475 billion at an average price per share of $39.44.

The timing and total amount of share repurchases will depend upon market conditions. The repurchases will be made in compliance with, and at such times as permitted by, federal securities law and may be suspended or discontinued at any time.

Rockwell Collins (NYSE: COL) is a pioneer in the development and deployment of innovative communication and aviation electronics solutions for both commercial and government applications. Our expertise in flight deck avionics, cabin electronics, mission communications and information management and simulation and training is strengthened by 18,000 employees, and a global service and support network that crosses 27 countries. To find out more, please visit www.rockwellcollins.com.

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