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.
More Quotes from Paul Nisbet:
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.Paul Nisbet
The aerospace industry seems to have troubles finding and retaining female executives. I suppose there is a different atmosphere in that industry than in the others because your primary customers are normally the fliers and the military, and of course the commercial, and they're fairly jealously hanging on to their all-male setup. So it may be part of an attitude there.
Paul Nisbet
It's a potentially profitable area for them, and one that won't be shrinking. But they need to land a big contract, because the defense budget should be flattening.
Paul Nisbet
Honeywell is trying to offset the horrible situation they have on the commercial side. Any news about this (from Honeywell) is like having a bucket of water thrown on you with the events of Sept. 11 and trying to dry it off with a small handkerchief.
Paul Nisbet
The major disappointment was perhaps the lack of revenue growth. If you look at each of the (defense unit) segments, they all with one exception seem weaker than anticipated.
Paul Nisbet
They'll pay whatever they have to get it. They obviously see a good strong market there, perhaps associated with homeland security.
Paul Nisbet
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