Robert Stallard Quotations

We think a down-cycle is likely to kick in at some point toward the end of the decade.

We expect to see the commercial systems division posting improved results going forward, whilst the Government Systems divisions continues to defy skeptics.

The strongest performance in the first quarter came from government systems.

First-quarter results are now expected to be even softer than previously thought, and the year will be even more back-end loaded than we had forecasted, so the results are disappointing.

This is significantly less for equipment than earlier reports had suggested, which may reflect Congressional concern that the supplemental was being inappropriately used to by-pass the standard procedures required for acquiring hardware.