Counter-offer for Cirrus in Holding Pattern
The FAA issued the final in a series of 50 Technical Standard Orders (TSO) for the Rockwell Collins Pro Line Fusion avionics system last week. The next step for Fusion is the STC for installation in Rockwell Collins’s Challenger 601 test airplane followed by certification on a Bombardier Global Express XRS. Pro Line Fusion has been selected for Bombardier’s XRS and Global 5000, Learjet 85 and C Series, Embraer’s Legacy 450/500, the Gulfstream G250 and Mitsubishi Regional Jet. Rockwell Collins noted in an 8-K statement filed with the SEC on April 21 that it agreed to an interest-free unsecured loan of $237 million to Bombardier on April 20. The loan must be repaid in 60 days following the final TSO approvals for the Fusion system. According to Rockwell Collins, “The Company entered into this agreement with Bombardier to assist them by offsetting some delays they are experiencing in receiving customer advance payments on their Global Vision aircraft program.” The XRS/5000 Fusion programs are on time, according to Bombardier. Pro Line Fusion delivers synthetic and enhanced vision, including synthetic vision on a head-up display, MultiScan weather radar, geo-referenced electronic charts, terrain maps, graphical weather, airport surface management system, graphical flight planning and networking of ground and onboard systems.