Rockwell Collins announces extension of Small Shareowner Buyback program

CEDAR RAPIDS, Iowa (October 15, 2003) - Rockwell Collins, Inc. (NYSE: COL) today announced an extension of the company's Small Shareowner Buyback program. This program, offered through Mellon Investor Services LLC, provides shareowners of fewer than 100 shares a vehicle to sell their shares without incurring full service brokerage commissions.

"We are extending the program due to the positive shareowner response we have received during the initial 30-day offering period," said Rockwell Collins' Vice President, Finance and Treasurer Patrick Allen.

The offer now formally expires on November 7, 2003 unless extended by the company. For further information, shareowners are invited to contact the program manager, Mellon Investor Services at 1-888-224-2745.

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