Question-and-Answer Session
Operator
(Operator Instructions). Let’s take our first question from Richard Safran with Goldman Sachs.
Richard Safran – Goldman Sachs
Good morning.
David E. Berges
Good morning, Richard.
Richard Safran – Goldman Sachs
David, I understand your comments about 2009, I wanted to know if though you can give us an update to the long-term guidance that you provided previously, also any changes you may have made in your assumption, I think last quarter you did reaffirm your 2010 sales.
David E. Berges
So the long-term I think you are referring to is that meeting we had last December where we outlined the prospects for our $1.7 billion 2010. Of course the concept, if you recall, was that rather than predict when the 787 was going to – how it was going to ramp up for the A380, that if you took them at rate they would amount to something like 300 million incremental revenues and we could easily get to 1.7.
First the world has changed quite a bit since then. The oil has gone through wild swings, jet fuel, foreign exchange rates, LIBOR have been through a rollercoaster. We even learned this week that Joe the plumber isn’t a licensed plumber. On the other hand, wind capacity has been expanded. We’ve got some new Helicopter Blade Programs that are giving us growth that we had not expected. And we are at the much higher base due in part to the weak US dollar.
So if you think about it, we are on a pace for about a 1.4 billion year this year and it only takes 10% growth per year to get to 1.7 by 2010. I’m not giving new guidance beyond what we have already said but I – we’ll have to understand a little bit more about the build rate scenarios are but this penetration in this sudden shift, a pretty dramatic shift to wide-bodies for fuel economies does give us some significant encouragement.
Richard Safran – Goldman Sachs
Okay. And then just quickly, on a separate topic back on, I guess, on wind energy, a lot of alternative energy stocks are really have been getting beaten down, concerns about lower oil price obviously and concern over the ability to finance new energy project, etc. You commented that wind energy sales were on track, I just want to know if you have any comment on how, what has been happening to these alternative energy stocks might affect wind energy growth going forward.
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