(Image: Jared Rodriguez / t r u t h o u t; Adapted: deltaMike, BloodInOurWells)
This is how major US defense contractors reacted to the Obama administration’s unveiling of its fiscal year 2011 spending plan for the Pentagon, part of the president’s overall $3.8 trillion budget proposal.
Shares of General Dynamics, a maker of military aircraft, submarines and munitions, rose 3.9 percent and closed at $69.43 in trading on the New York Stock Exchange, the uptick due in large part to additional spending on the war in Afghanistan, according to Sanford Bernstein, a financial research firm.
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Tags: General Dynamics, Harris Corp, Northrop Grumman Corp., Obama's budget proposal, Predator and Reaper drones, Raytheon Co., reaction of US defense contractors, Wars in Iraq and Afghanistan
This entry was posted on February 2, 2010 at 8:50 pm and is filed under Afghanistan, Commentary, Iraq, President Barack Obama, Uncategorized, US policy, USA, war. You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
Obama Administration’s Budget calls for billions of dollars in new spending for drones
(Image: Jared Rodriguez / t r u t h o u t; Adapted: deltaMike, BloodInOurWells)
This is how major US defense contractors reacted to the Obama administration’s unveiling of its fiscal year 2011 spending plan for the Pentagon, part of the president’s overall $3.8 trillion budget proposal.
Shares of General Dynamics, a maker of military aircraft, submarines and munitions, rose 3.9 percent and closed at $69.43 in trading on the New York Stock Exchange, the uptick due in large part to additional spending on the war in Afghanistan, according to Sanford Bernstein, a financial research firm.
Continues >>
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Tags: General Dynamics, Harris Corp, Northrop Grumman Corp., Obama's budget proposal, Predator and Reaper drones, Raytheon Co., reaction of US defense contractors, Wars in Iraq and Afghanistan
This entry was posted on February 2, 2010 at 8:50 pm and is filed under Afghanistan, Commentary, Iraq, President Barack Obama, Uncategorized, US policy, USA, war. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.