Operating and Financial Review by Airbus to provide the Cargo Door Actuation System for the A380 aircraft along with our continuing business in Europe and Asia demonstrates our ability to meet the needs of an international customer base. Six years ago less than 4% of our business was  military, today almost 30% of our business is military.  Two military programs, the C-17 transport aircraft and the F-18 fighter are currently among our top five programs.  Our position on key military programs is a great example of our diversity and flexibility, which allows us to  withstand the cyclical pressures inherent in the aerospace industry by responding quickly and effectively to shifts in the market.  This past year has left many of us with a feeling of  uncertainty. Our country, our industry and each and every one of us has, in some way, been impacted by the events surrounding September 11th. In our industry, the aircraft manufacturers announced reduced or deferred build rates and many airlines removed planes from service. Like any company we will continue to face challenges, but I am very optimistic about the future. Much like the unwavering focus we’ve shown toward our vision and strategy, we remain committed to our goal of growing our company to over $1 billion in sales. I firmly believe in our people, and our strategies which, along with our business philosophy and our commitment to our customers will enable Triumph to enhance its position in the aerospace industry. For the twelve months ended March 31, 2002, net sales were a record $613  million or an increase of nine percent over fiscal revenues of $561 million.  Operating income was $90 million,  an increase of ten percent over  operating income of $81 million  for fiscal 2001. Net income for the period was $53  million, an increase of 34 percent over the prior comparable period earnings  of $39 million.  Fully diluted earnings per share was $3.31 versus $3.11 for the prior period. Average shares for fiscal 2002 were  16 million, a 26 percent increase  over the 13 million average shares  for fiscal 2001. Debt to capital at March 31, 2002  was 25% versus 31% at 2001 year-end. Acquisitions included EFS Aerospace, Inc. during fiscal 2002 and certain assets of Ozone Industries, Inc.  subsequent to fiscal year-end,  expanding Triumph’s products, services, capabilities and customer base. Our strong balance sheet along with  a consistently improving operating trend, have enabled us to invest in  our individual companies and expand  our products, services and processes. 3