Financial Services Industry
Industry: Email Alert RSS FeedSelect firms poised for further take-off: growth in the commerical aerospace and defense/government sectors is forecast, and acquisitions are giving extra lift to some companies.(The InvestmentSection: Aerospace/Defense)
Research, April, 2005 by Paul, Katherine
Eric Hugel
[ILLUSTRATION OMITTED]
[ILLUSTRATION OMITTED]
Stephens Inc.
212-891-1738
ehugel@stephens.com
AREA OF COVERAGE: COMMERCIAL AEROSPACE & DEFENSE
Industry Comments: While global economic growth and oil prices are key drivers of the commercial-aerospace market, federal government spending budgets primarily drive the defense/government contractor market.
On the defense side, we think growth rates will range from mid-to-high-single digits, based on current budgets. On the commercial-aerospace side, despite the financial problems being experienced by some of the major airlines, we expect companies like Boeing and Airbus will ramp up manufacturing of new planes to meet the increasing...
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