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Rockwell Collins and Sandia sign memorandum of understanding
CEDAR RAPIDS, Iowa (September 02, 2003) - Rockwell Collins (NYSE:COL) and Sandia Corp. have entered into a memorandum of understanding to explore the application of
new technologies to the aerospace and defense market.
"We believe this relationship has the potential to leverage our complementary capabilities to bring technology to the market
faster,'' said Dr. Barry Abzug, Rockwell Collins senior vice president of Corporate Development. "We look forward to collaborating
with Sandia on key national security challenges."
The memorandum calls for both companies to share their knowledge and capabilities. Through this process, Rockwell Collins
and Sandia will collaborate in selected technology and product development and manufacturing efforts in which both could benefit.
Pace VanDevender, vice president for Science-Technology & Partnerships at Sandia National Laboratories, noted, "Rockwell Collins
places an extremely high value on advanced research and development in the pursuit of transformational technology solutions,
as does Sandia." He added, "The cooperation between their science and technology organization with ours will be of great benefit
to the nation."
Sandia National Laboratories is a multi-program laboratory operated by Sandia Corporation, a Lockheed Martin Company, for
the United States Department of Energy's National Nuclear Security Administration. Sandia has major research and development
responsibilities in national security, energy and environmental technologies, and economic competitiveness.
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