Tuesday, January 11, 2011

Defense Cuts to Have Modest Impact on Big Contractors

Research Recap submits:

Planned changes to the U.S defense budget and certain weapons systems announced earlier this week by Secretary of Defense Robert Gates will likely only have a limited effect on the credit quality of most rated military contractors, says Standard & Poor’s Ratings Services in Spending Changes Announced By The Pentagon Will Have A Mixed Impact For Defense Contractors.

The programs to be cancelled include the surface launched advanced medium range air-to-air missile (SLAMRAAM; prime contractor Raytheon Co. (RTN)), the non-line-of-sight missile system (NLOS; Lockheed Martin Corp. (LMT)), and the expeditionary fighting vehicle (EFV; General Dynamics Corp. (GD)).

Complete Story »

Jaime King Lokelani McMichael Freida Pinto Eva Longoria Susan Ward

No comments:

Post a Comment