Defense Spending Could Hit Peak in 2010

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Muhammed El-Hasan
on May 19, 2009 5:05 PM | | Comments (0) |

Does this mean we'll be seeing big layoffs at aerospace companies in coming years?


Boeing Sees 'High Water Mark' in Defense Spending

(Bloomberg) -- Boeing Co. is making acquisitions and refreshing older product lines to prepare for what may be a peak for military purchases next year as U.S. President Barack Obama shifts priorities, the company's top defense executive said.

"It's possible that 2010 could be the high-water mark as far as defense spending" on new weapons, Jim Albaugh, president of Boeing's Integrated Defense Systems, said in an interview.

Read more on Albaugh's interview.

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This page contains a single entry by Muhammed El-Hasan published on May 19, 2009 5:05 PM.

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Biz Waves is a one-stop Web hub for business news and content from the South Bay region of Los Angeles County and beyond.

The primary contributor is:

Muhammed El-Hasan, a business reporter at the Daily Breeze since 2000, covers aerospace and everything else about business in the South Bay. Muhammed previously reported at the San Bernardino Sun and the community news division of The Orange County Register. He also worked as a researcher in the Jerusalem bureau of the Los Angeles Times in 1996-97. But his career highlight as a young man was driving a forklift at a Gardena company near Hawthorne, where he grew up.

You can email Muhammed at muhammad.el-hasan@dailybreeze.com

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