Paul Nisbet
Paul Nisbet
defense delighted improvement side street temporary wall year
There really wasn't any improvement on the defense side from a year ago. I can see why Wall Street isn't too delighted by it. But it's a temporary thing.
above bottom defense expect far good growth maintain
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.
congress defense department economy french interested rather
I don't think the U.S. Congress or even the Department of Defense is going to be interested in subsidizing the French economy with that kind of money, ... If Airbus was a (British) company, rather than predominantly French and German, I think it would be very different.
commercial companies defense early earnings exceptions extremely few maybe military mostly side stages
All the defense companies -- with very few exceptions -- have been doing extremely well with mostly double-digit earnings growth. And it's not just the military side, it's the commercial side as well. We're in the early stages of a maybe five-year up cycle.
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.