Phil Condit Business Quotations

In simple terms, we are aligning our business today with the way we believe future systems are going to be designed, acquired and maintained.

We are in a dramatically changed business environment, ... The slow recovery of both air travel and airline profitability continues to hurt demand for both aircraft and aircraft support. Demand for commercial satellite launches may be several years away from recovery.

We are looking at internal growth opportunities, ... We're also looking externally at things that fit with our business and that would be complementary to our core business.

We are strategically realigning our operations in response to global business realities, ... We are reducing costs.

I'm very excited about the strength Mike brings to the CFO position. He has run our highest-margin business for the past three years, has taken personal involvement in new opportunities to grow this business, and has a keen knowledge and understanding of our company and the aerospace industry.

I'm very excited about the strength Mike brings to the CFO position, ... He has run our highest-margin business for the past three years, has taken personal involvement in new opportunities to grow this business, and has a keen knowledge and understanding of our company and the aerospace industry.

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