Thursday, March 26, 2009

Contractors Defend Their Programs as Pentagon Cuts Loom

Missile defense went on the offensive yesterday, as two major contractors set out to justify their costly programs in anticipation of budget cuts from the Pentagon.

It's a sharp turnaround from recent years of plenty for Boeing and Northrop Grumman, which have joined other big defense companies in benefiting from increased defense spending and the wars in Iraq and Afghanistan. But the Obama administration has promised new priorities in spending, spurring the companies to try to protect their major programs.