U.S. arms makers complain regularly that lower Pentagon spending on ships, jets and other hardware will hit their earnings, but a string of better-than-expected results this week show that layoffs and... more 
U.S. arms makers complain regularly that lower Pentagon spending on ships, jets and other hardware will hit their earnings, but a string of better-than-expected results this week show that layoffs and cost-cutting have kept profits flowing, and growing. Defense majors Lockheed Martin, General Dynamics and Northrop Grumman have all reported higher profits this week and raised their full-year forecasts. less 
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Wochit
Wed, Apr 23, 2014 4:10 PM EDT