What's Ahead in Aerospace: Analyst: Peak in defense spending likely to come after 2006
NO PEAKING: The notion that defense spending will peak in FY '06 may be premature, according to senior aerospace and defense analyst Byron Callan of Merrill Lynch. "The current [defense spending] 'cycle' has yet to see a lot of weapons produced," Callan says. Prior peaks in defense spending saw an...
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