Joseph Nadol Quotations

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.

Over the longer term, the commercial contracts are going to be more lucrative and larger, but over the short term there is some softness in the market.

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.

Lockheed now has an additional $1.7 billion of cash to deploy, and its use of it should be a key to the performance of the stock. We view the repurchase of stock as the best use of cash given its low valuation.

I think profit-taking may be part of the issue here,

They're doing a great job cutting costs. I'm just concerned about where market conditions are going the next 12 months.

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.

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.

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.