Joseph Nadol
Joseph Nadol
budget collapse crying defense fell gulf increase public spending sustained war
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.
aircraft bottom glut impact line numbers recovers traffic
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.