Rockwell Announces Distribution Ratio and Record Date for Spin-off of Rockwell Collins Business; NYSE approves common stock of Rockwell Collins for listing

MILWAUKEE, WI (June 04, 2001) - Rockwell International Corporation (NYSE: ROK) today announced that it has set the distribution ratio and record date for the previously announced spin off of its Rockwell Collins avionics and communications business. Shareowners of record at the close of business on June 15, 2001 will receive one share of the new Rockwell Collins company for every one share of Rockwell stock held at that time. The distribution of shares is expected to occur on June 29, 2001.

The common stock of new Rockwell Collins has been approved for listing (subject to official notice of issuance) on the New York Stock Exchange under the trading symbol "COL".

Rockwell Collins, with headquarters in Cedar Rapids, Iowa, designs, produces, markets and supports communication and aviation electronics for commercial, military and government customers. The business employs approximately 17,500 people worldwide. For information about Rockwell Collins, go to www.rockwellcollins.com.

Rockwell is a global electronic controls and communications company with leadership positions in industrial automation, avionics and communications, and electronic commerce. After the distribution, Rockwell’s continuing businesses, under the name Rockwell Automation, will have fiscal sales of about $4.5 billion. The company has 25,000 employees at 450 locations serving customers in more than 80 countries.

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