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U.S. defense firms boost profits by cutting costs

By: Yossel in AEROSPACE & DEFENSE | Recommend this post (0)
Fri, 27 Apr 12 10:09 PM | 101 view(s)
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U.S. defense firms boost profits by cutting costs


The final F-22 Raptor fighter jet rolls out of the assembly plant during a ceremony marking the occasion at the Lockheed Martin Plant in Marietta , Georgia, December 13, 2011.

WASHINGTON (Reuters) - Weapons makers reported higher quarterly earnings this week, with cost cutting helping them maintain solid profit margins, even as defense budget cuts began to drive down revenues in services and other areas.

Credit: Reuters/Tami Chappell

Andrea Shalal-Esa and Karen Jacobs

WASHINGTON
Thu Apr 26, 2012 6:02pm EDT

link-
http://www.reuters.com/article/2012/04/26/us-defense-earnings-idUSBRE83P1JF20120426




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