[So will it all end in tears? Will the 5-year boom that has seen average prices increase by 50 percent in the United States (and by that much in the past 12 months in Phoenix) prove to be a bubble? After all, Goldman Sachs reports,] Relative to per-capita GDP, a typical home in San Francisco now costs much more than one in London. ... Beware.

We exceeded all of our operational and financial targets, smoothly integrated the acquisitions of Specialty Defense and Bianchi International, and effectively leveraged our asset purchases from Second Chance.

We believe this opportunity to become a prime contractor within the military's tactical wheeled-vehicle fleet is extremely compelling.