[lbo-talk] some of the places all that money is going

mike larkin mike_larkin2001 at yahoo.com
Sat Sep 13 15:47:28 PDT 2003


Thought this part was noteworthy:

"The nation's defense contractors actually may be hurt by the ongoing costs of the war. Large defense contractors such as Bethesda-based Lockheed Martin Corp. and Boeing Co. of Chicago derive their real profits from large weapons such as fighter jets, not spare parts or ammunition, industry officials said. "It is not going to move the needle for the industry," said Byron Callan, defense industry analyst for Merrill Lynch & Co.

If the Pentagon is forced to shift money from expensive development projects to offset the cost of war, it could take a toll on the defense giants, industry officials said."

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