m The Industrial segment provides more than one-third of our revenues and is our most diverse  in terms of geography, customers, and applications. This part of our business generated sales of  $267 million in GLYPH<213>03, up nearly 6%. Moog began selling its Industrial products overseas nearly forty years ago. Today, we have  facilities in twenty-four countries around the world. The extent of our geographic reach has brought us valuable exposure to new customers and has resulted in dozens of unique markets  ranging from saw mills to bottle-labeling equipment to valves for all the Formula 1 teams in Europe. Among the dozens of markets that we serve, there are four that add up to nearly  half of the total revenues. These are controls for plastic making machines, defense control systems, metal forming equipment, and turbines. The drivers for these major product lines in all of  our different geographies are as diverse as the segment itself. Controls for plastics machines are driven, in part, by product innovation. The advent  of compact disks and DVDGLYPH<213>s has created strong demand for our controls on the  injection molding machines that make them. Total sales in GLYPH<213>03 were $56 million,  up $12 million. Defense control systems that are used on combat vehicles depend on the military  for orders. Fleet modernization in the U.S. and overseas has caused this product line to grow  significantly. Sales in GLYPH<213>03 were $30 million, up $5 million. Sales in the metal forming market increased by $5 million, reflecting an increased interest in more precise machine performance. While turbine controls are still one of our four largest Industrial applications, sales declined  sharply in GLYPH<213>03 due to over-capacity in the U.S. power generation market. Revenues fell $17  million in GLYPH<213>03 to $24 million. The Industrial segment differs from the Aircraft and Space segments in two ways.  First, Industrial transacts more business in Europe and Asia than in the U.S. Therefore, when  an overseas currency is stronger than the dollar, there is a positive effect on our revenues  and earnings. The strength of the euro added measurably to our results for GLYPH<213>03. Secondly, the  orders in this segment tend to come in on relatively short notice, making revenues  harder to forecast.  In GLYPH<213>04, we expect similar metrics to GLYPH<212>03. Sales in many of IndustrialGLYPH<213>s markets are expected  to increase, except for turbines and defense systems. Since weGLYPH<213>re unable to precisely predict the movement of the euro and the yen, weGLYPH<213>re forecasting a range of Industrial sales between $283  and $303 million. 12 FY ’03 Sales: $267 Million FY ’04 Forecast Range: $283 to $303 Million INDUSTRIAL CONTROLS