Joseph Nadol Quotes (4 Quotes)

When the Gulf War happened, spending fell immediately thereafter. You had collapse of communism, and the need for budget cuts, ... Now the budget is heavily in surplus, and the public is crying out for protection. I think you'll have sustained increase in defense spending.

Clearly homeland security has become more of an issue since Sept. 11. Both these companies have technologies that could expose them to rapidly growing, potentially large markets over the next couple of years.

It's not a significant impact on numbers. It wasn't in Boeing's plan, ... The bottom line is there's a glut of aircraft worldwide, even if traffic recovers domestically to pre Sept. 11 levels, it's going to take significant numbers for a recovery.

Overall, this was a strong quarter nearly across the board. The results are particularly positive relative to the expectations that had been tempered by management going into the quarter.