717605--2/12/2009--HEXCEL_CORP_/DE/

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{condition, economic, financial}
{cost, regulation, environmental}
{operation, international, foreign}
{operation, natural, condition}
{loss, insurance, financial}
{cost, contract, operation}
Adverse macroeconomic and business conditions, as well as continued disruption in credit markets and government policy changes may significantly and negatively affect our revenues, profitability and financial condition. The markets in which we operate can be cyclical, and downturns in them may adversely affect the results of our operations. A significant decline in business with Boeing, EADS, Vestas, or other significant customers could materially impact our business, operating results, prospects and financial condition. Reductions in space and defense spending could result in a decline in our net sales. Changes to the capital expansion plans could materially impact our operating results and financial condition. A decrease in supply or increase in cost of raw materials could result in a material decline in our profitability. We have substantial international operations subject to uncertainties which could affect our operating results. We could be adversely affected by environmental and safety requirements. Our forward-looking statements and projections may turn out to be inaccurate.

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