Two years ago, Rockwell Collins Chairman and CEO Clay Jones could barely contain his fury at Wall Street. The company was generating record sales and profits, yet its share price kept declining, ending 2008 down 47%. The selloff was a harbinger of a global economic downturn that would choke off demand for passenger and business jets — and their Rockwell Collins-supplied communication, navigation and flight control systems. “The market had it right,” Jones admits. “I didn’t see what the ...

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