Oh that it were a renewable energy rush, 'eh, readers?
"It is not a doom and gloom scenario by any means" -- Raytheon chief executive Bill Swanson.
Money, money, money....
Also see: Navy Destroyer Fires on Raytheon
"Senators decry Navy decision on destroyers; Region's lawmakers want to know why just two will be built" by Ross Kerber and Bryan Bender, Globe Staff | July 25, 2008
WASHINGTON - A coalition of US Senators yesterday launched a counteroffensive against the Navy's decision to scrap a $20 billion destroyer program that was to deliver huge contracts to Raytheon Co. of Waltham and Bath Iron Works in Maine.
Led by Senator Edward M. Kennedy, the dozen senators from Massachusetts, Maine, and elsewhere threatened to hold up other shipbuilding funds if the Navy doesn't provide more explanation for why it won't buy more of the DDG-1000 Zumwalt class of ships after the first two are finished around 2014.
"A shift of this magnitude in the Navy's shipbuilding plan requires a full review and analysis through the proper departmental channels and processes, including congressional oversight," the lawmakers wrote in a letter to Defense Secretary Robert M. Gates.
Since when the hell have you guys cared about oversight (torture, spying)?!!
You've been helping the administration cover up those crimes, as well as so many others!
You guys are such disingenuous sots!!!!
"To do otherwise would undermine the Navy's shipbuilding plan in Congress and could result in the Congress providing no funding for new surface combatants in" fiscal year 2009, wrote the letter's authors, who also included Senators John F. Kerry of Massachusetts, Olympia J. Snow and Susan M. Collins of Maine, Jack Reed of Rhode Island, and Byron Dorgan of North Dakota.
Why do I get the feeling of EXTORTION and a THREAT from these Congressman?
And WHY DIDN'T YOU THREATEN to hold up the WAR FUNDING?!!
Why aren't you BRAVE ENOUGH to do that, shit Senators?!?
Because it is ONE PARTY, the WAR PARTY, isn't it?
The Navy has already committed an estimated $11 billion to the Zumwalt program. Though it has not disclosed its total contracts from the program, Raytheon has previously said it received a $3 billion development contract and a nearly $1 billion production contract for it.
The Zumwalt work is Raytheon's largest defense program and represents 3 to 4 percent of earnings, chief executive Bill Swanson said on a conference call with analysts and investors yesterday.
But for Raytheon it is just one of 8,000 projects, and Swanson noted many of the systems designed for the Zumwalt could also be used in other Navy ships such as the forthcoming USS Gerald R. Ford aircraft carrier.
"It is not like things are being thrown away here. It is not a doom and gloom scenario by any means," Swanson said.
--MORE--"Yeah, I'd say not:
"Missile sales boost Raytheon's results
Raytheon Co., the world's largest missile maker, said second-quarter profit rose 20 percent on increased training work for the US Army and international sales of missiles and intelligence systems. The Waltham company said profit this year will be more than previously forecast.
Profit from continuing operations beat analysts' estimates, climbing to $426 million. Sales gained 11 percent to $5.87 billion.
Per-share profit from continuing operations is now forecast to be $3.80 to $3.95 this year, 15 cents higher than the previous range, Raytheon said.
The firm raised its sales forecast by $200 million to a range of $22.6 billion to $23.1 billion (Bloomberg)."
Money: What the war criminal government of AmeriKa has it for, and what it doesn't.
How's that bowl of shit going down this morning, Amurka?
