“The near-term economic outlook still presents some difficulties in the first half of the year, ... We're also convince the company is ready to maximize the benefits of an anticipated economic recovery in the second half of the year.”
“We expect our 1999 sales to grow faster than the global economy as a result of new product introductions in each of our business units, expected demand for aircraft safety systems, market-share growth in the aerospace aftermarket, capacity expansion in turbochargers and recovery in the electronics market,”
“We expect strong defense aftermarket revenues combined with some renewed interest in business jet travel to partially offset softness in commercial air transport markets, ... These factors plus accelerated cost productivity gains are expected to help offset income lost from the commercial air transport business.”
