Industry & Services >> Analyst Interviews >> April 19, 2004


STEPHEN E. LEVENSON joined Advest, Inc. as a Director in the equity research department in May 2003. He covers small cap stocks, primarily in the areas of Aerospace Defense and Homeland Security. Prior to joining Advest, Mr. Levenson was a Senior Vice President at Gerard Klauer Mattison for three years. In 2002, he received an honorable mention in the Institutional Investor All-American Research poll for coverage of Aerospace and Defense Companies. Before joining Gearard Klauer Mattison, Mr. Levenson spent 20 years on the buy side, including involvement in leveraged buyouts and investments in distressed securities. He earned a BS degree in Finance from the University of Vermont with additional concentration in Mechanical Engineering. Profile
Alex P. Hamilton is Senior Managing Director in Aerospace and Defense at Jesup & Lamont. He joined the company in July 2007 and as the Director of Research he and the firm benefit from more than a decade of Wall Street experience. Prior to Jesup & Lamont, he worked as a Senior Analyst at such small boutiques as Advest, Benchmark Co., and IRG. Prior to those boutiques, he worked on the Institutional Investor-ranked team focused on North American and European aerospace and defense equities at both Credit Suisse and Morgan Stanley. He was also selected for The Wall Street Journal's "Best on the Street" analyst survey in 2008, ranking in the top five among 31 analysts in his field for stock picking. He is frequently quoted in the press and regularly appears on Bloomberg, CNBC and Fox Business News. He earned his BA in Economics from Brandeis University and is a member of the National Defense Industrial Association. RICHARD TORTORIELLO is an Equity Analyst and Senior Associate Director with Standard & Poor's U.S. Equity Research. He covers the aerospace and defense industry, including General Electric, Boeing, United Technologies, all the major US defense contractors and a number of other aerospace-related companies. He also authors a bi-annual industry survey entitled "Aerospace & Defense." Previously, he performed quantitative research for Standard & Poor's and covered a variety of emerging growth stocks, particularly in the financial, energy and technology sectors. He was also Standard & Poor's semiconductor equipment analyst for three years. Prior to joining Standard & Poor's Equity Group in August 2000, he served as a software product manager for Thomson Financial, Standard & Poor's, and Simon & Schuster. Also, he published a stock market advisory newsletter ("Market Perspectives"). He holds a BS and MS in Education from Florida State University and an MBA with a concentration in Corporate Finance from Fairleigh Dickinson University. Profile
TWST: What has happened year to date with the aerospace and defense

group from a market perspective?

Mr. Hamilton: They've been somewhat volatile. There's been a lot of

press and talk about