Defense spending on decrease, but industry reports gains

The Defense sector isn\'t getting any smaller

Forget everything you’ve heard. Despite Gates’s efforts to rein in defense spending, the industry is doing just fine, thank you.

Northrop, Lockheed and General Dynamics are reporting increased profits for the second quarter, reports the Washington Post.

These stories are part of our daily Dorobek Must Reads. Check out the full list of stories.

Copyright © 2024 Federal News Network. All rights reserved. This website is not intended for users located within the European Economic Area.

    Jack Teixeira, court martial, Leaked Documents Investigation

    Pentagon leaker Jack Teixeira to face a military court-martial, Air Force says

    Read more
    Timeshare Sanctions

    US proposes rules to stop Americans from investing in Chinese technology with military uses

    Read more
    Osprey Crash

    Ospreys face flight restrictions through 2025 due to crashes, military tells Congress

    Read more