The Chinese market is probably going to be as strong as any single country in the world over the next 20 years, ... so it's certainly one that Boeing wants to continue to be dominant in.
More Quotes from 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
There's some money being spent in the replacement of weapons and munitions that are heavily used.
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
Investors obviously aren't concerned with it. I'm surprised, and I don't think he should have done it. But he doesn't make his living from writing.
Paul Nisbet
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.
Paul Nisbet
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