The war in Iraq is over and the war in Afghanistan is winding down. The United States is inching its way out of the worst recession in history. The one industry that has continued to thrive, while everyone else has held on fearing for their future, is the defense industry. During the political divisions, or maybe diversions is a more accurate term, within both the House and Senate, the lobbyists have seen to it their fat cat clients are untouchable.
Now, the gravy train is slowly coming to a stop and a sense panic appears to be descending on the corner offices of DoD contractors everywhere.
The prospect of budget cuts is having a “chilling effect” on the defense industry and companies such as Lockheed may stop hiring and training, Stevens, chairman and chief executive of the world’s largest defense contractor, said today at a conference in Washington. ~ Automatic Pentagon Cuts Must Be Stopped, Lockheed Chief Says
I am certain I’m not the first to say this, “It is about f’ing time these companies got off the taxpayer’s teat.” Read the remainder of this entry »