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submitted 10 months ago by EmmaGoldman@hexbear.net to c/news@hexbear.net

Only people who deserve to have their jobs cut

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[-] sharedburdens@hexbear.net 39 points 10 months ago

“(Defense companies) can’t necessarily count on the kinds of margins that they have had in the past,” Gertler said. “So there are a lot of defense companies adapting to that reality in different ways. Lockheed is being very forward about what they’re doing on the personnel side.”

The shareholders demand more money every month, did someone get addicted to their fat profit margins? did-someone

[-] Mokey@hexbear.net 18 points 10 months ago

Aka Iraq war gravy train has slowed down

[-] zifnab25@hexbear.net 12 points 10 months ago

It hasn't though. The US is breaking records in terms of military hardware exports. If anything, the gravy train has sped up.

[-] Mokey@hexbear.net 6 points 10 months ago

Got a source on this? Not arguing with you just curious

[-] zifnab25@hexbear.net 13 points 10 months ago

https://www.reuters.com/business/aerospace-defense/us-arms-exports-hit-record-high-fiscal-2023-2024-01-29/

Sales of U.S. military equipment to foreign governments in 2023 rose 16% to a record $238 billion, the U.S. State Department said on Monday, as countries sought to replenish stocks sent to Ukraine and prepare for major conflicts. The figures underpin expectations of stronger sales for the likes of Lockheed Martin (LMT.N), opens new tab, General Dynamics (GD.N), opens new tab and Northrop Grumman (NOC.N), opens new tab, whose shares are forecast to rise amid rising global instability.

[-] Mokey@hexbear.net 6 points 10 months ago
[-] freagle@lemmygrad.ml 10 points 10 months ago

Being very forward is cutting headcount. Wild

this post was submitted on 30 Jan 2024
79 points (100.0% liked)

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