CNNMoney has a preview of the upcoming earnings report for a variety of US defense contractors. See this for more. Not surprisingly the outlook is good. The US defense budget remains large and will probably not see any downturn until 2010 at the earliest depending on the US election. Rockwell Collins [...]
Tagged with: defense budget, defense contractors, downturn, earnings report, last quarter, press release, Rockwell Collins
Ace Electronics, a maker of wiring for military vehicles, plans to expand it facilities in Michigan. See a story here. This is due to an increase in the orders they are getting from the US military. The company made automotive wiring products but now are doing a substantial expansion to support their [...]
Tagged with: Ace Electronics, auto business, automotive wiring, downturn, humvee, military contracts, military vehicles, remote control, skilled labor, substantial expansion, turrets, wiring harnesses
This article in The Charleston Post-Gazette discusses how Force Protection Inc. went through a boom period, and now seems to be heading towards a downturn. This is all due to Congress suddenly deciding that the Army and Marines need more MRAPs.
Tagged with: anbar, boom period, casualties, charleston post, Congress, dod requirements, downturn, force protection inc, humvee, knee jerk reaction, m2, maneuver, MRAP, mraps, post gazette, quality product, spare parts, stryker, U.S. Army, U.S. Marine Corps
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