I wanna PUKE!
"Profits Higher at Military Contractors" by REUTERS
The military contractors Northrop Grumman and General Dynamics posted higher third-quarter profit yesterday and raised their financial forecasts as a result of strong Pentagon spending.
The broadly positive results come a day after Lockheed Martin, the world’s largest military contractor, beat Wall Street’s profit expectations and raised its full-year forecast on record Pentagon spending and demand for its jets.
Northrop beat Wall Street’s quarterly profit forecasts and also raised its full-year profit forecast, helped by strong sales at its information technology and shipbuilding units.
General Dynamics also posted better-than-expected quarterly earnings and raised its full-year earnings forecast above Wall Street’s expectations based on strong demand for its military vehicles and business jets.
The company, which makes Abrams tanks, Stryker fighting vehicles, and submarines and ships for the United States Navy, was bolstered by a 37 percent jump in sales at its military vehicles unit, which is seeing increased business supplying American forces in Iraq and Afghanistan.
Oh, isn't that special while the American people drown, thirst, burn, or freeze!
I'd go have a beer, but Anheuser-Busch Profit Rises 11%.
