Companies continue to shape their businesses to reduce costs and find growth opportunities
Ahead of a recovery in the civil market and anticipating a downturn in defense, U.S. primes continue to adjust their businesses, looking for cost reductions and growth opportunities. Several defense programs were terminated in 2009 and more are under threat this year. Lockheed Martin, the largest U.S. defense contractor, was hit by decisions to end F-22 production and cancel the VH-71A presidential helicopter and TSAT communications satellite. The company is cutting jobs and combining ...
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