LMI Aerospace, Inc.
Planned cuts in defense spending should not substantially impact the earnings of certain aerospace suppliers, as their customer bases are primarily corporate. Outlooks remain favorable for this year, given increased spending plans by air carriers on equipment. Indeed, carriers are replacing older aircraft with more efficient models. Plus, the business jet market is poised to turn around somewhat, behind reduced aftermarket availability and better credit conditions. Here are just some more »
Industrial production, particularly the manufacturing component, has been showing signs of life lately. The Federal Reserve’s monthly industrial index, in addition to the Empire State Manufacturing Survey and the Philly Fed Survey, all posted healthy numbers last week and presented an improved outlook for the coming year. While first quarter GDP growth in 2012 is expected to be slightly lower, industrial production could be one of the few bright more »