Paul Nisbet
Paul Nisbet
above based certainly dashed normal stock
They (defense stocks) are above normal prices, but that is based on above-normal expectations. If those expectations are dashed by one or two companies, they are certainly going to feel it in their stock prices.
money spent weapons
There's some money being spent in the replacement of weapons and munitions that are heavily used.
bit both problems street
Both of them were better than the Street had expected, they are both doing very well. Lockheed is doing a bit better because they don't have the shipbuilding problems that Northrop has.
days few planes talking
Boeing?s talking about assembling these planes in a few days because everything they?re getting will be so complete.
month possibly quite
I think this thing quite possibly could go a lot more than a month or two,
across good looks military quarter work
The quarter looks good and it's pretty much across the board. Their military work in all sectors was strong, as was their aircraft.
half last orders
We'll probably have orders that may be no more than half of what we had last year.
buying demand since stopped
Obviously, there's been pent-up demand that has materialized since 9/11. Everyone stopped buying for a while.
earnings four levels lower month operating rate reason stands
Obviously, as they go down to one fuselage a month from four or five, there are going to be lower levels of operating earnings and margins. It stands to reason that it's an inefficient rate of production.
clear intended readily seen
She made it clear she intended some day to be CEO, and she may have seen it wasn't going to be as readily achievable as she thought,
competition prices projects tough
It's a tough business, ... You are bidding set prices on multi-dimensional construction projects and the competition is very steep.
beginning budget fear four higher level operations seeing settle strong three
They (defense companies) are beginning to settle down in their operations at a much higher level than they were three or four years ago as they become much more efficient. What we are seeing now is some fear (of budget cuts) being dissipated by the strong performance.
airlines delivery gone industry likely looks order peak pushed repeated time
The airlines have gone after the delivery slots at the same time like lemmings. It's pushed the industry to what looks like an order peak and makes it not likely to be repeated any time soon.
military
It must be in the military side. I think there's some profit-taking going on.