Defense News

Monday, January 28, 2008

No Slowdown For Defense Contractors

Global markets may be writhing and the U.S. economy teetering at the brink of recession, but for many of the nation's largest defense firms, the good times keep going.

Most have posted big earnings gains in recent years, largely because of record Pentagon spending on weapons programs and the wars in Iraq and Afghanistan. And with the government, not consumers, as their biggest customers, defense contractors appear poised to weather any economic downturn that may lie more.

No comments: