They (results) were well above expectations, it was a good quarter. I would expect most of these defense firms to flatten out as far as top-line growth is concerned, but for a while at least they are going to maintain growth in the bottom line. |
They threw sand in the production engine. They're getting the planes out, but at a high cost. |
They were flying a lot of empty planes. They don't want that to happen again. |
They'll pay whatever they have to get it. They obviously see a good strong market there, perhaps associated with homeland security. |
They're [Boeing] going to become more traditional in their business over the next few years, with the commercial bouncing out ahead of the military, back to where it used to be. |
We don't know if it's a momentary problem or one that's more long-standing, ... The fact that they haven't indicated whether it's momentary probably has everybody spooked, figuring it's a heavy hit for the year. |
We don't really know what the aerospace problem is, ... Apparently they've had some delivery problems, but exactly what we don't know. |
We'll probably have orders that may be no more than half of what we had last year. |
With the [Bush] administration, we'll see a rebuilding of the military to bring it back to where it was eight years ago. We'll see a considerable appreciation in defense stocks, as we saw in the Reagan years. |