Rockwell Collins CEO: Soaring Boeing Biz Easing Defense Cuts

Defense spending may be declining, but shares of military aircraft supplier Rockwell Collins have taken off in the past year, rising nearly 40%. Rockwell CEO Kelly Ortberg credits the company's ability to plan in the face of defense budget uncertainty, as well as its growing non-government aviation business for its success. Ortberg sees business with corporate customers like Boeing growing in 2014, especially with the addition of ARINC communication systems which it purchased last year.

Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.