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Monday, February 11, 2008

and the rich keep getting richer

on the LIVES of our brothers and sisters that is.
Muscular Defense Plan Buoys Contractors
Proposed Budget Would Benefit Area Companies


By Dana Hedgpeth Washington Post Staff Writer
A run of healthy profits for defense contractors that has lasted nearly a decade will continue for at least another year, analysts and company executives said after the Bush administration last week submitted its new defense budget.
The $515.4 billion defense spending proposal for fiscal 2009 is 7.5 percent higher than the current year's and promises to fund some of the armed forces' largest and most costly weapons programs. It includes $104.2 billion for weapons procurement and nearly $80 billion for research and development, testing and evaluation.
That would mean big new opportunities and more funding for major projects for local defense and technology contractors, including
Lockheed Martin of Bethesda, General Dynamics of Falls Church, SI International of Reston, CACI International of Arlington and Northrop Grumman, which is based in Los Angeles but has a large presence in the Washington area. .....

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