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GATEWAY
INVESTOR FORUMS
A DIVISION OF
THE WALL STREET
TRANSCRIPT
PRESENTS
A CONFERENCE ON
Investing In The
Defense
& Security Industries
June 12, 2003 ~ The Harvard Club, NYC
27
West 44th Street, between
Fifth and Sixth Avenues
View
the Brochure (PDF)
Register
for this event
The
replacement of the Cold War Paradigm -- which called for
containment and deterrence -- with the Bush Doctrine -- which
demands pre-emption, should be an unparallel boon to the
defense industry. Defense spending is expected to reach
nearly $450 billion in fiscal 2003, up to $100 billion, from
the $250 billion level reached the previous year.
Some
segments of the defense establishment will grow at astonishing
rates: Merrill Lynch estimates that defense spending on
information technology will soar 19%, to $27.8 billion, in
2003. Due to inventory depletion as a result of the war
in Afghanistan and Iraq, overall procurement outlays are
expected to surge 18% in fiscal 2003. Also, the newly formed
homeland defense budget stands at $38 billion.
Despite
the many growth drivers, the defense and security stocks face
numerous challenges.
For instance:
-
Procurement
cycles can be as long as ten years and the rate growth in
defense spending will soon slow.
-
Some
defense contractors are trading at discounts due to their exposure
to aircraft and automobile manufacturing while many others
face enormous under funded pensions.
-
Finally,
significant defense budget reductions internationally are
shrinking the export opportunities for American defense
contractors.
This
conference will inform the attendees about the investment
merits of many sectors of the defense and security
industries. Don't miss the rare opportunity to listen to
leading industry authorities and corporate executives discuss
how their business sectors and companies are positioned to
navigate the road ahead.
AGENDA
8:00am
Registration, Networking, & Continental Breakfast
8:30am
Overview of the Defense Industry
Peter Arment - Managing Director
JSA Research
9:00am
Esterline Technologies (ESL)
Robert Cremin - Chairman,
President, & CEO
A leading specialty
manufacturer of highly engineered
products serving aerospace and defense markets.
9:40am
National Technical Systems (NTSC)
William McGinnis - President & COO
A business-to-business services company providing
organizations in the aerospace, defense, information
technology and high technology markets integrating
testing, certification, quality registration, systems
evaluation and IT staffing services
10:20am
Coffee & Networking Break
10:30am
Niches of Opportunity in the Defense
Sector
Rick Whittington - Managing Director
American Technology Research
11:00am
Markland Technologies (MKLD)
Kenneth Ducey - President & CFO
Provides innovative emerging technologies and expert
services to meet the country's needs to protect our
people, our borders and our infrastructure assets.
11:40pm
Universal Guardian (UGHO)
Michael Skellern - Chairman, President & CEO
A leading provider of services, systems and
technologies to detect, assess and defend against
security and terrorist threats worldwide.
12:20pm
Buffet Lunch for Presenters and Registered Delegates
1:00pm
Security in America Post September
11
Robert H. Silbering - President
Forensic Investigative Associates
1:30pm
Command Security Corporation (CMMD)
William Vassell - Chairman, President & CEO
Principally provides uniformed security services from 19
operating offices in New York, Massachusetts, New Jersey,
Illinois, California, Pennsylvania, Connecticut and Florida,
to commercial, financial, industrial, aviation and
governmental clients in the United States.
2:10pm
Taser International (TASR)
Phillips Smith, Ph.D. - Chairman
Provides advanced less-lethal weapons for use in the law
enforcement, private security and personal defense
markets.
2:50pm
Networking Break
3:10pm
Niches of Opportunity in Security
Jack Mallon - Managing Director
Mallon & Associates
3:30pm
Lakeland Industries (LAKE)
Christopher Ryan - CFO
A leading designer and manufacturer of protective
garments for industry, municipalities, and the
healthcare
field and Homeland Defense.
4:10pm
Contracting Opportunities in Homeland
Security:
Federal, State, & Local Prospects
Bruce Aitken - President
Homeland Security Industry
Association
4:40pm
Overview of the Israeli Defense Industry
Shaul Eyal - Executive Director
CIBC World Markets
5:00
Networking & Adjournment
What
are the most promising and profitable niches in the $450
billion Defense & Security industry?
Leading
securities analysts from JSA Research, American Technology
Research, Homeland Security Industry
Association and Mallon & Associates – some
of Wall Street’s leading defense and security research firms
– will discuss the dynamics impacting major segments of the
defense and security industry - namely smart weapons, UAVs,
satellite global positioning, biometrics, explosives detection
and physical asset security – at The Wall Street
Transcript’s 2003 Investing in the Defense and Security
Industry Conference on June 12 at The Harvard Club in mid-town
New York City.
Seasoned
industry authorities will discuss the impact of technologic
advances, procurement budgets, regulation and access to
capital on their sectors of expertise. In addition, this conference will feature road show-like
presentations delivered by senior executives from emerging and
industry leading defense and security companies.
They will discuss their companies’ technology,
business models, competition and plans for growth.
For
more information call Sam Seiler at 212-952-7400 ext. 127 or seiler@twst.com
Attendees
will include primarily include portfolio managers from pension
funds, mutual funds, hedge funds, trusts, endowments and
insurance companies. With
networking breaks and receptions built into the conference
agenda, you will have plenty of opportunities to forge new
professional relationships.
Don’t
miss this unique opportunity to discover the dynamism and
profit potential of Defense and Security leaders.
We
look forward to seeing you on June 12.
Andrew
Pickup
Publisher
The Wall Street Transcript
15
Reasons to Attend
- Discover
why weapons upgrades are often more lucrative for defense
contractors than weapons-building projects
- Determine
the extent to which revised procurement rules will enable
smaller security companies to compete for large contracts
- Learn
which defense contracts –the Crusader, F/A 22 – are in
jeopardy of cancellation
- Gain
insight into the risk of consolidation of armed forces
assets (e.g. Marine Corps and Navy aviation assets)
- Understand
how greater reliance on network intelligence may reduce
the demand for military hardware
- Gauge
the potential level of industry consolidation
- Determine
if the removal of Saddam Hussein will reduce the need for
weapons systems
- Formulate
an outlook for the future of digital asset security
- Glean
an understanding of the technology that resulted in the
resounding success of the War to Liberate Iraq
- Discover
the opportunities for lightweight weaponry and
shipbuilders
- Learn
about the liabilities associated with under funded pension
funds
- Assess
the impact of defense contractors’ exposure to aircraft
manufacturing
- Listen
to how semiconductors are being used in chemical weapons
detection
- Decipher
how explosion detection companies will benefit from more
stringent airport security
- Gauge
investor sentiment for a variety of industry niches
Register
for this event
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