I'm listening to a web cast of Nick Chabraja, CEO of General Dynamics, addressing the Morgan Stanley Industrials CEOs Unplugged conference this morning.
Heidi Wood, Morgan Stanley's always informed aerospace/defense analyst, asked Chabraja whether or not he thinks his company's first Littoral Combat Ship is over budget.
Chabraja's response: "'Budget' is a funny word."
End-quote.
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