Outlook for Aerospace & Defense Roundtable Forum: General David “Bull” Baker (USAF Ret.), Stanford Group Company; J.B. Groh, D.A. Davidson & Co.; Alex P. Hamilton, Jesup & Lamont Securities Corp.

Outlook for the Airline Industry: Michael W. Derchin, FTN Midwest Securities Corp.

Investing in Airline Stocks: Ray Neidl, Calyon Securities (USA) Inc.

Airline Industry Overview: James M. Higgins, Soleil-Solebury Research LLC

CEO Interviews (average 2,500 words): Top management from 5 sector firms examine the outlook for their firm and sector. Firms interviewed include: DRS Technologies, Inc., Flight Safety Technologies, Inc., SpaceDev, Inc., Pinnacle Airlines Corp., Ballistic Recovery Systems, Inc.

Topics covered: Defense IT companies - MRAP and MRAP II - Light attack vehicles (LAV) demand - Commercial aerospace companies - Order flow outlook - Emerging markets demand - Higher fuel and maintenance costs - Geopolitical events and defense companies - Increased Iraqi purchases of military equipment - OE cycle outlook - Concerns about global recession - Defense funding outlook - Ballistic missile defense programs - Navy demands for new ships - Air-to-air tanker replacement - Outlook for suppliers - Unmanned systems - Non-lethal weapons - Opportunities for margin expansion - System acquisition - Congressional sentiment - Effects of a new administration - M&A activity in aerospace - Healthy cash flows and balance sheets - Stock recommendations - Stocks to worry about

Companies covered: Boeing (BA), Airbus, Goodrich (GR), HEICO (HEI), B/E Aerospace (BEAV), Harris (HRS), Orbital Sciences (ORB), Innovative Solutions (ISSC), Lockheed Martin (LMT), ManTech (MANT), Navistar (NAVZ), Raytheon (RTN), General Dynamics (GD), Northrop Grumman (NOC), Alliant Techsystems (ATK), General Electric (GE).