While Joe the Taxpayer is stocking up on canned spam, candles, ammunition, and recipes for dog meat, the war pigs from Raytheon, Northrup-Grumman, and Lockheed-Martin are popping the corks on the bubbly aboard their private yachts. The New World Order: by invitation only, peasants. Now get back to work....
Original article....
By Bill Rigby, NEW YORK (Reuters) - Defense contractors Northrop Grumman Corp (NOC.N: Quote, Profile, Research, Stock Buzz) and General Dynamics Corp's (GD.N: Quote, Profile, Research, Stock Buzz) quarterly earnings beat Wall Street forecasts, showing few signs that U.S. defense spending will slow, despite the uncertainty of a new administration and a tight federal budget.
The defense unit of Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) also posted higher quarterly profit on Wednesday, partly offsetting the effects of a six-week strike at its commercial plane plants, which dragged down its overall quarterly profit.
Northrop and General Dynamics shares rose, while Boeing fell 7.6 percent
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