Rockwell Collins Anticipates More Than $2 Billion in Contracts for Joint Strike Fighter Program

CEDAR RAPIDS, Iowa (October 30, 2001) - Rockwell Collins (NYSE:COL), a leader in aviation electronics and communications for government and commercial applications worldwide, anticipates more than $2 billion in contracts over the life of the Joint Strike Fighter program, with more than $130 million in contracts for the full scale development phase of the program. As a member of the Lockheed Martin team, Rockwell Collins major areas of concentration will be displays, both cockpit and helmet-mounted, and in communication navigation integration systems.

“Rockwell Collins is proud to play a role in the development of this revolutionary new aircraft, recognizing our 70-year leadership in advanced displays and communication and navigation technology,” said Clay Jones, president and CEO, Rockwell Collins. “Our experience in providing aviation electronics and communications equipment to all branches of the U.S. Department of Defense (DoD) made Rockwell Collins a key player on Lockheed Martin’s JSF team.”

The Joint Strike Fighter, the next-generation strike aircraft weapon system for the U.S. Air Force, Navy, Marines and U.S. allies, will include Rockwell Collins components for TRW’s communication navigation integration systems. The modern aircraft is designed to take off quickly and land vertically, both on carrier decks and unimproved/confined landing spaces, evade radar and provide pilots with advanced technology in the cockpit. The U.S. DoD anticipates ordering up to 3,000 of these aircraft over the next 40 years.

Kaiser Aerospace and Electronics Corporation , a Rockwell Collins company, will supply large format projection display systems for the JSF aircraft. The system’s operational advantages to the pilot include a 20 x 8-inch full color sunlight readable display and a touch screen graphical user interface. Projection display technology advances include increased performance under extreme environments and a flexible open architecture. This modular open system approach will allow the displays to adapt to the dynamic commercial market and be easily upgradable throughout the life of the JSF program, reducing acquisition and ownership costs.

The JSF will also incorporate cutting-edge helmet mounted cueing system (HMCS) technology. Vision Systems International, L.L.C., a joint venture between Kaiser Aerospace and Electronics Corporation and EFW Inc./Elbit Systems Ltd., will provide this HMCS featuring day and night targeting capability and a wide field of view enhancing the pilot’s situational awareness.

Rockwell Collins communication equipment includes satellite communication, transceivers and data links along with navigation and integration products.

Rockwell Collins (NYSE: COL) is a world leader in the design, production and support of communications and aviation electronics solutions for government and commercial customers worldwide. Additional information is available at www.rockwellcollins.com.

This press release contains statements (including certain projections and business trends) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including, but not limited to the impact of the terrorist attacks on September 11, 2001 and their aftermath; the timing related to restoring consumer confidence in air travel; the health of the commercial aerospace industry; domestic and foreign government spending, budgetary and trade policies; economic and political changes in international markets where the Company competes, such as changes in currency exchange rates, inflation rates, recession, foreign ownership restrictions and other external factors over which the Company has no control; demand for and market acceptance of new and existing products, including potential cancellation of orders by commercial customers; successful development of advanced technologies; competitive product and pricing pressures; and the uncertainities of litigation, as well as other risks and uncertainties, including but not limited to those detailed from time to time in the Company’s Securities and Exchange Commission filings. These forward-looking statements are made only as of the date hereof.

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