[quote=flu][quote=Bubblesitter]
With the drawdown of military, which has already started I would be very very nervous if I were a contractor in any function not directly involved in critical wartime operations. Gates announced $100M in cuts in last couple days. We saw a doubling of the defense budget in recent years. San Diego will likely be disproportionally hit.
Bubblesitter[/quote]
…Perhaps one *could* personally benefit from this financially..doing some due diligence on defense companies that depend on this big contracts, big war machine business model with no commercial arm and have not successfully diversified into commercial operations (unlike Boeing) and short the hell out of them….Short of WWIII starting, I think it’s a given that defense spending is going to get cut big time and that the defense industry is going to tank….
Northrop Grunman comes to mind, and to a lesser extent Lockheed Martin, Raytheon, General Dynamics….[/quote]
Trust me, flu & Bubblesitter, there are new tide patterns in the Potomac due to the sweat from all of the defense contractors here. The competition has been unbelievably cutthroat in the last several years; can’t imagine what’s going to happen now…..
Bubblesitter, I agree that was a great series the Post did. Reminds me of the Watergate days when actual investigation and reporting was going on there. The growth of this industry during the salad days of the aughts was dizzying to watch. Prior to that, there were thousands of acres of bucolic pastureland in the area around Ft. Meade (home to the NSA). Following 9/11, they disappeared under office towers, concrete and asphalt, in the mad rush by contractors to establish a “presence” and cash in on the loot. Thanks for including the link.
