AIRSHOW-FACTBOX-Executives comment on economy, outlook

Mon Jun 15, 2009 5:51pm EDT
 
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 (Refiling to eliminate extra word in third paragraph)
 June 15 (Reuters) - The following comments on the economy
and the industry outlook were made by executives from the
global aerospace and defence industry at the Paris Air Show:
 DAN MURPHY, CEO, ALLIANT TECHSYSTEMS (ATK.N)
 "I think that the economy is bottoming, yes, but I am
petrified by the debt that this country (United States) is
taking on.
 "I'm not sure that there's a wide recognition what sort of
a long-term challenge this is going to be to pay it off."
 RON SUGAR, CHAIRMAN AND CEO, NORTHROP GRUMMAN (NOC.N)
 "The fear of continued freefall is basically behind us."
 "We do not see the United States defence budget
dramatically decreasing. In fact, if anything we're going to
see (it) probably stable, maybe slightly increasing."
 GIORGIO ZAPPA, COO, FINMECCANICA (SIFI.MI)
 "U.S. defence spending remains very stable if you look
beyond the big programmes."
 PIERFRANCESCO GUARGUAGLINI, CEO, FINMECCANICA
 "I have seen, at least in Italy, some signs of recovery
from the economic point of view. But really, that was in May
compared to April, not May compared to a year ago."
 SCOTT CARSON, CEO, BOEING COMMERCIAL AIRPLANES (BA.N)
 "It feels to me as if we may have reached a bottom both in
terms of air freight but perhaps even more importantly in terms
of global air traffic.    "The long-term prospects for this
industry remain robust and as global GDP recovers we expect to
see a recovery both in air freight and passenger traffic."
 TOM ENDERS, CEO, AIRBUS (EAD.PA)
 "We have no visibility... We will see in 2010 what the
depth of the crisis is."
 LUTZ BERTLING, CEO, EUROCOPTER
 "2010 will be a difficult year for Eurocopter.
 "We are entering this gloomy tunnel of 2010, but we are
already seeing a sunny end of the tunnel."
 "There is a very significant impact on the civil side of
the business in the bookings that we are seeing now."
 MIKHAIL POGOSYAN, DIRECTOR GENERAL, SUKHOI
 "It's now very important that we ramp up production for the
start of the recovery."



 

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