It improves competitiveness overall. The more people that participate, the more powerful it becomes. It clearly benefits the buyers.
More Quotes from Chris Mecray:
While they won't admit it, the primary driver of lower procurement costs will be by lowering prices out there, increasing competition through versus auctions.Chris Mecray
The money's coming from both side of the business. You have commercial aerospace with explosive growth. The commercial aircraft orders have been exceptionally strong over the course of the summer and also on the defense side of the business where government budgets have been picking up in the last couple of years and are not expected to continue to pick up through the next administration.
Chris Mecray
Right now, I've recommended Boeing ( BA Research , Estimates ) for the last couple of months. I did downgrade that about two weeks on the price move. I still think the stocks continue to perform however, although I think the gains will be modest from here in the near term.
Chris Mecray
Singapore is an important airline. It's really the gateway to aircraft sales in Asia. But at end of the day, one company with 10 aircraft is not going to make or break any program.
Chris Mecray
I think it's going to hurt them by around 15-to-20 cents a share, assuming it goes on to the end of the quarter.
Chris Mecray
They have still issues with demand on a couple of key areas of their business including the space launch side, the satellite manufacturing side and demand for some of their defense transport products. I'm heading over to an investor conference this morning where I expect them to talk about the turnaround in progress. They will focus on the increasing cash flows and I think we'll get a chance to ask them about some of those strategic issues.
Chris Mecray
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