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