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UPDATE 1-Rockwell Collins revenue up 57 pct but deal cost erodes profit

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July 28 (Reuters) - Aircraft components maker Rockwell Collins Inc reported a 57 percent rise in quarterly revenue, boosted by the acquisition of aircraft interiors maker B/E Aerospace, but profit fell due to costs associated with the purchase.

Net income fell to $179 million, or $1.12 a share, in the third quarter ended June 30 from $214 million, or $1.63 a share, a year earlier.

The latest profit tally included $82 million in expenses related to the B/E Aerospace acquisition, including $18 million in financing, the company said.

Adjusted earnings at the Cedar Rapids, Iowa-based company fell to $1.64 a share from $1.67 a year ago, but beat analysts estimates of $1.58. Prior-year third-quarter earnings included a tax benefit of 31 cents a share, the company said.

Revenue rose to $2.09 billion from $1.33 billion. (Reporting by Alwyn Scott in New York and Arunima Banerjee in Bengaluru; Editing by Anil D'Silva)