Rockwell Collins Selects HP for $175 Million Global IT Outsourcing Services Contract

PALO ALTO, Calif., Jan 10, 2007 - HP today announced that Rockwell Collins (NYSE: COL), a global leader in aviation electronics, has awarded it a seven-year, $175 million global services contract to provide industry-standard solutions for IT infrastructure management, including help desk, desk-side support and server management.

“This agreement will allow Rockwell Collins to focus its e-Business resources on core services aimed at sustaining business growth and improving operational performance,” said John-Paul Besong, senior vice president, e-Business and Lean Electronics, Rockwell Collins. ”In addition to lowering our overall IT costs, this relationship with HP will allow us to focus our energies on creating strategic business solutions that enhance productivity, facilitate collaboration and enable faster innovation for Rockwell Collins’ products and services.”

“HP is committed to helping Rockwell Collins maintain its status as a global leader in aviation electronics,” said John E. Evers, Jr., vice president and general manager, Managed Services – Americas, HP. ”We will leverage best practices and standardized IT management to help deliver a more simplified IT infrastructure that can adapt more readily to changes in the market and deliver true business value, freeing Rockwell Collins to focus on its core strengths.”

The deal expands the companies’ existing relationship in which HP provides Rockwell Collins with HP Superdome servers, HP software and critical system support services.

About Rockwell Collins

Rockwell Collins (NYSE: COL) is a pioneer in the development and deployment of innovative communication and aviation electronics solutions for both commercial and government applications. The company’s expertise in flight deck avionics, cabin electronics, mission communications, information management and simulation and training is strengthened by 18,000 employees and a global service and support network that crosses 27 countries. To find out more, please visit www.rockwellcollins.com.

About HP

HP is a technology solutions provider to consumers, businesses and institutions globally. The company’s offerings span IT infrastructure, global services, business and home computing, and imaging and printing. For the four fiscal quarters ended Oct. 31, 2006, HP revenue totaled $91.7 billion. More information about HP (NYSE, Nasdaq: HPQ) is available at http://www.hp.com.

This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements of the plans, strategies and objectives of management for future operations; any statements concerning expected development, performance or market share relating to products and services; anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the achievement of expected results and other risks that are described from time to time in HP’s Securities and Exchange Commission reports, including but not limited to the risks described in HP’s Annual Report on Form 10-K for the fiscal year ended Oct. 31, 2006 and other reports filed after that Form 10-K. HP assumes no obligation and does not intend to update these forward-looking statements.

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