Our entire team is focused on managing this company for value - fixing or eliminating those operations that lessen value and expanding or adding those that enhance value.

Two quarters doesn't make a trend, but it's a heck of a lot better than none.

Changes to the aircraft resulting from flight test and certification requirements in the first quarter caused the retrofit activity to be more extensive than originally anticipated,

We are moving toward a global economy. One way of approaching that is to pull the covers over your head. Another is to say: It may be more complicated - but that's the world I am going to live in, I might as well be good at it.

Today's announcement brings together two strong aerospace companies with complementary capabilities. The merger enhances our position as the No. 1 aerospace company in the world and truly among the world's premier industrial firms.

His familiarity with Australian business and government protocols, as well as the American business environment, will enhance our relationships and presence in Australia.