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Article: Defense defies the downturn: demand for metals by military contractors is relatively unaffected by the change of administration and the poor economy. New programs for aircraft, ships and troop carriers promise long-term business for defense suppliers.(MILITARY METALS MARKET)
- Article from:
- Metal Center News
- Article date:
- September 1, 2009
- Author:
CopyrightCOPYRIGHT 2009 Sackett Business Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WHILE BIG ANNUAL INCREASES in defense spending appear to be in the past, as the Obama administration struggles to contain the growing federal budget deficit, suppliers of metals to military contractors remain positive. Demand has leveled, but it has not collapsed, and it is not likely to in the foreseeable future, they say.
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"I think the defense market will continue to offer growth-oriented business for both metal service centers and producers" says Bob Mraz, vice president of sales and marketing for TW Metals Inc., Exton, Pa. "It is going to be an important part of our growth strategy for the future."
The Obama ...