It may be months before there is a clear indication of just how hard the Boeing Co. and other aerospace contractors will be hit by the softening in Asi a/Pacific air traffic.

PanAmSat Corp. expects the recent failure of its Galaxy 4 satellite to have very little impact on future revenues and earnings.

The seasonal character of the airline business and a set of special circumstances have induced Steve Lewins of Gruntal to lower ratings on stocks of six airlines.

Computer Sciences Corp.'s (CSC) legal maneuvering to evade the unwelcome advances of Computer Associates International Inc. (CA) in the first quarter cost the professional-services company $20.7 million, or 9 cents per share after taxes.

Thiokol Corp., which has virtually reinvented itself since the end of the Cold War, last week adopted a new name to reflect the company's strategic diversification during the last eight years.

Of the many smaller suppliers hammered during the aerospace industry's downturn in the early 1990s, Ladish Co. may represent one of the more dramatic turnaround stories.

Considering the sustained, healthy growth in domestic airline industry revenue (about 6.5% in March) and the relatively high load factors virtually all of the major carriers are enjoying, it should come as no surprise that many of the better managed regional operators also are doing extremely well.

Industry trendsetter Robert Crandall, who will step down as chief of American Airlines on May 20 (see p. 37), will be going out on a high note--a 2-1 stock split last week and first-quarter earnings that far exceeded anything Wall Street had projected.