Record Quarter for Engineered Support Systems (Bucky Bush)

[seemslikeadream]

Record Quarter for Engineered Support Systems
Engineered Support Systems (EASI :Nasdaq - news - research) reported record third-quarter earnings, thanks party to its government work in Afghanistan and Iraq, and reaffirmed future guidance.

The St. Louis-based company said net income rose by two-thirds to $20.5 million, or 73 cents a share, based on continuing operations, versus $12.4 million, or 48 cents a share in the year-ago period. Excluding charges related to the sale of a plant, the company had a profit of $21.3 million, or 76 cents a share. Analysts were expecting 75 cents a share, according to Thomson First Call.

Revenue rose 43% to a record $222.0 million "on the strength of recent acquisitions and exceptional organic growth," the company said.

The defense contractor also held to its 2004 fiscal forecast of EPS of $2.65 to $2.70 on revenue of $840 million. The consensus forecast is for $2.70 a share on revenue of $848.6 million.

more
http://www.thestreet.com/_tsclsii/markets/marketfeatures/10180747.html

The Bush `Warbucks' Family Cashes In
by Margie Burns

William H.T. (``Bucky") Bush, an uncle of George W. Bush, is on the Board of Directors of a company which will benefit substantially from war with Iraq, according to financial analysts.
The company, Engineered Support Systems, is based in St. Louis. William H.T. Bush was also a major Bush donor and campaign fund-raiser.

Astute business articles have boosted the company's stock this fall. As Russ Mitchell, writing in Smart Money, put it: ``War may not be healthy for children and other living things (not in the short run, anyway), but it's healthy for military stocks, right?

``It depends on what you mean by health. Consider Engineered Support Systems, which makes biological and chemical filtering and decontamination equipment, among other things.

``Hundreds of stocks bombed to record lows, but Engineered Support was one of few to fly the other way, hitting a record high of $61.25 on Sept. 16.

``The closer the U.S. gets to war in Iraq, the better things look for the St. Louis, Mo., company. Its specialty is military logistics and support; it makes stuff that helps the services get supplies from here to there in a hurry.

http://www.commondreams.org/views03/0114-07.htm

[seemslikeadream]

1. sponsored and supported by the U.S. Department of Commerce

Interestingly, the company also exhibited that year at the giant international arms fair held last June in Paris, ``Eurosatory 2000." Its name can also be found in the U.S. Department of Commerce list of exhibitors, among 55 U.S. military firms in a gargantuan display of military wares - sponsored and supported by the U.S. Department of Commerce, the U.S. Department of Defense and the American Embassy in Paris.
more
http://www.commondreams.org/views03/0114-07.htm

Uncle Sugar

For generations, Bush and his ilk have used bloodshed to turn public policy into private gain.

By Chris Floyd
Published: February 27, 2004

Why did George W. Bush insist -- with such fanatical certainty, despite the well-established, clearly-stated doubts of his own intelligence services -- that Saddam Hussein was hoarding a vast arsenal of weapons of mass destruction? Why the insistence on this pathological disassociation from reality, which led directly to the death of thousands of innocent people? Why did he tell such lies, such cynical lies, such horrible lies, lies dripping blood, lies breeding more lies like rats on a plague ship?

That's easy -- his family was making money from it.

We're not talking here of the family's well-known association with the Carlyle Group, the world-bestriding "private equity" firm whose massive war-machine holdings have been so greatly engorged by Bush's sack of Baghdad. True, Carlyle has long been a profitable Bushist perch: Papa George was an eager bagman for the firm, cruising the globe with his plutocratic partners -- like the bin Ladens -- for insider contracts, secret buyouts and lucrative "privatizations" of public services. Even the L'il Pretzel himself was parked on the board of one of Carlyle's companies when he was at loose ends between scamming the shareholders of Harken and bamboozling the voters of Texas.


But last year, Papa retired from the firm, heading off into the sunset to wallow in the government swag that Junior had pumped Carlyle's way -- $2.1 billion in 2003 alone. While he doubtless still has "interests" in a number of Carlyle's shady deals, he's through with the higher hustlerdom. No, today we're dealing with Pop's brother, William, uncle of the current president.

William Bush is a director of Engineered Support Systems Inc., a supplier of high-tech military goods to -- well, to the highest bidder. Just last year they sold $13 million worth of advanced radar gear to upgrade communist China's fleet of fighter jets -- you know, the kind that force down U.S. spy planes with such aplomb. This is just par for the family course, however; William's brother, Prescott Jr., is head of the America-China Chamber of Commerce, while Pretzel's brother Neil is in bed with the son of former communist chieftain Jiang Zemin.

more
http://context.themoscowtimes.com/stories/2004/02/27/120.html

[SpiralHawk]

2. WTF is it with Bush Uncles ?

I mean, we've also got Uncle Jonathan "Skull and Boner" Bush, who is a key officer of the totally corrupt Riggs Bank.

Why does the media never do a comprehensive round-up story on the documented illicit doings of Jonatha, Bucky, and AWOL's brothers Marvelous Marvin and Silverado Neil?

A starting point for learning more about Uncle Jon
http://www.disinfopedia.org/wiki.phtml?title=Jonathan_J._Bush