Nowhere To Run, Nowhere To HideEric Schine
A stronger economy may be welcome news for most industries, but it won't help defense companies much this year. As the recovery gathers steam, the Clinton Administration will ask Congress for more cuts in the already fast-shrinking Pentagon budget. This could force arms makers to hasten the massive restructuring they've already begun, and more companies could leave the business--voluntarily or not.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.