Finmeccanica expects major new military projects in the U.S., the U.K. and Italy to continue driving strong growth, though the prospect of cuts in these programs, compounded by the global financial crisis, could darken the outlook. The Italian defense contractor last week reported a 19% increase in net profit to €621 million ($782 million) in 2008, on revenues of €15 billion (up 12%). Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 25% to €1.3 billion and ...
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