chuckwoww Posted July 31, 2007 Report Share Posted July 31, 2007 Defense Earnings Continue To Soar By Renae Merle Washington Post Staff Writer Monday, July 30, 2007; D01 Several of Washington's largest defense contractors said last week that they continue to benefit from a boom in spending on the wars in Iraq and Afghanistan as well as sustained government demand for information technology, defying predictions that the sector's expansion would begin to slow. Profit reports from Northrop Grumman, General Dynamics and Lockheed Martin showed particularly strong results in operations in the region. Though the wars have started to reduce the Pentagon's appetite for large, futuristic weapons that traditionally drive these companies' bottom lines, the shift in defense spending hasn't hurt profits. http://www.washingtonpost.com/wp-dyn/content/article/2007/07/29/AR2007072900806_pf.html Link to comment Share on other sites More sharing options...
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