Industry & Services >> Analyst Interviews >> July 27, 2009

Small To Mid-sized Defense Electronics Stocks – Michael F. Ciarmoli – Boenning & Scattergood, Inc.

Ciarmoli, Michael F.
Michael F. Ciarmoli is a Director and Equity Research Analyst with KeyBanc Capital Markets Inc. He joined KeyBanc Capital Markets Inc. in the fall of 2010 to cover the aerospace and defense sector. Prior to joining KeyBanc Capital Markets Inc., Mr. Ciarmoli worked for four years at Boenning & Scattergood in Philadelphia as the Senior Aerospace and Defense Analyst. From 2005 to 2006, he worked as a sellside Analyst covering a variety of technology, aerospace and defense companies at Emerging Growth Equities, Ltd., a regional specialty investment banking and brokerage firm. Previous experience includes working as a Product and Reporting Specialist for Wilmington Trust Company, as an Equity Trader for Hold Brothers Inc., and as a Business Process Consultant for Accenture Consulting. Profile
TWST: Under the broad umbrella of homeland security, do you have a particular

area of focus?

Mr. Ciarmoli: Yes, currently we are spending more time on the defense

electronics space and