Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from David Begleiter - Deutsche Bank.
David Begleiter - Deutsche Bank
Shane, just in first the Surface Specialties, do you expect to be able to maintain pricing as the year progresses?
Shane Fleming
Good morning David; thank you for the question. As you would expect, there are areas of the product line where our ability to maintain price will be somewhat limited and there are other areas where we will have I think quite a sticky price situation.
The difficulties are going to be in our powders line and in the solventborne part of our LCR line, but outside of those two areas if you look at our [legumers] and radiation-cure, our waterborne business and a large portion of aminos product line, I believe we will be able to hold price and we’ll continue to see improved margins.
David Begleiter - Deutsche Bank
Just on Engineered Materials, can you walk through the pieces of what’s up, what’s down this year? Obviously military up, large commercial down, can you give detail Boeing, Airbus, how much down?
Shane Fleming
I’m not going to be able to give it to you by Boeing and Airbus, but what I can do is just give you by sector. If you look at first quarter 2009 versus first quarter 2008, large commercial transport was down. We think that was to some degree a carryover from the fourth quarter strike, where people have just not ramped backup to pre-strike rates.
So, there’s an element of that, where we do think that some destocking is taking place in Q1 that will slowly move away as we move into the year. The business and regional jet piece was down. Military was up and some of the industrial business, particularly the high performance car side was down.
David Begleiter - Deutsche Bank
Just quantify how much down was large commercial? Was it down 25%, 30%?
Shane Fleming
Yes, about 15%.
David Begleiter - Deutsche Bank
Sales or volumes?
Shane Fleming
Sales.
Operator
Your next question comes from Mike Judd - Greenwich Consultants.
Mike Judd - Greenwich Consultants
With the targets that you have for the accounts receivable, days’ outstanding inventory, days outstanding, also the accounts payable, what’s the timeframe to achieving those targets?
Dave Drillock
Mike, our timeframe is to achieve that by the fourth quarter of this year.
Mike Judd - Greenwich Consultants
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