Form 10 Registration Statement for Rockwell Collins Spin-off Declared Effective be SEC

MILWAUKEE, Wisc. (June 15, 2001) - Rockwell International Corporation (NYSE: ROK) today announced that the Form 10 registration statement for the previously announced spin-off of Rockwell Collins has been declared effective by the Securities and Exchange Commission (SEC). The company expects the Internal Revenue Service ruling to be received shortly.

Under the terms of the spin-off, shareowners of Rockwell are expected to receive as of the close of business on June 29, 2001 shares in the new company on a one-for-one basis. Shares of Rockwell Collins will trade on the New York Stock Exchange under the trading symbol "COL". Copies of the Form 10 can be found at www.sec.gov.com under the heading "New Rockwell Collins".

Rockwell Collins, with headquarters in Cedar Rapids, Iowa, designs, produces, markets and supports communication and aviation electronics for commercial, military and government customers globally. The business employs approximately 17,500 people worldwide.

Rockwell is a $7 billion electronic controls and communications company with global leadership positions in industrial automation, avionics and communications, and electronic commerce. The company employs approximately 40,000 people at more than 450 locations serving customers in more than 80 countries.

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