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The growth in aerospace is accelerating.
Boeing's dive into avionics highlights the value of diversification.
Aircraft components maker Rockwell Collins Inc on Friday posted adjusted earnings that beat expectations, sending its shares up sharply after its first results including recently acquired aircraft interiors maker B/E Aerospace. The acquisition, which closed in April, had raised concern about how aircraft interiors and seats would complement Rockwell's broad avionics business, which spans commercial jetliners, business jets and fighter aircraft. Rockwell also reported higher profit margins and more cash than expected, and sounded an optimistic note about the depressed business-jet market.