I would also note that this performance was delivered without the benefit of any meaningful overall business jet OEM market recovery.Now meanwhile, Government Systems was able to maintain their industry-leading operating margins above 20% despite a 10% or $67 million decline in sales. In an environment where our top line has become more difficult to predict, I'm really proud of our team's focus on the things within our control as we continue to take aggressive actions to rightsize the infrastructure of this business based on market conditions.
Rockwell Collins' CEO Discusses Q1 2012 Results - Earnings Call Transcript
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