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Article: Aerospace & Defense - Industry Outlook
- Article from:
- Zacks Investment Research - Industry Outlook
- Article date:
- November 4, 2009
- Author:
CopyrightCopyright 2009 Zacks Investment Research. (Hide copyright information)
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Aerospace & Defense - Industry Outlook
OVERVIEW
Inherently, big defense contractors are expected to eliminate jobs as the Pentagon has lowered spending on traditional weapon systems, while smaller, niche companies may accelerate hiring as the United States garners resources to protect ground troops and strategic computer networks.
Industry pioneer
Lockheed Martin Corporation
(
LMT
) aims to reduce 600 jobs as a result of the US Defense Department's decision to terminate the VH-71 presidential helicopter program.
The Boeing Company
(
BA
) hinted that Pentagon cuts would claim 1,000 jobs in its defense business, affecting staffing at various work sites in the United ...