Aerospace defense contractors Boeing, Lockheed Martin, Northrop Grumman, and Raytheon all show better than expected profits despite sequestration.


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Chicken Little report: Aerospace defense contractors Boeing, Lockheed Martin, Northrop Grumman, and Raytheon all show better than expected profits despite sequestration.

It seems that each of these companies, finding their profits from defense pork to be relatively flat or dropping slightly, worked harder to sell their other products to other customers, and were generally successful. What a concept!

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2 comments

  • R. Cotour

    I think I heard a story today that said that the senate was just ignoring the sequestration as far as defense contracts go. I also remember that 28 billion in contracts have just been awarded.

  • Pzatchok

    the company I work for supplies all of them, plus a heavy group of other world players.

    This sequester just forced them to hire new sales staff and start selling older and more products to non US Government entities.

    We are pumping out 24/7 and can’t keep up. Even though the military work went down our total work load went up.

    Those companies were riding the US government for almost all their profits for many years. Now they are forced to look elsewhere for that extra bit of business. And its proved to be better than they expected.

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