GE: Cycle Down, Spirits Up

摘要

General Electric executives are painting a gloomier picture of the current downturn in the aerospace manufacturing business than most companies, and are now predicting that an improvement in commercial aircraft deliveries should not be expected until the second half of 2006 or early 2007. Speaking at a press conference here, David L. Calhoun, president and CEO of GE Aircraft Engines, said he realized this is a more conservative estimate than other major manufacturers are forecasting, "but it's smart to bet that way."