I hope they are going to be all right.
"Cancellation hurts Raytheon’s results
Raytheon Co., the world’s largest missile maker, said second-quarter profit dropped on costs related to a contract canceled by the British government.
Net income fell to $208 million....
So HOW DID YOU DO last quarter, American?
Second-quarter sales declined to $5.97 billion.
Yeah, that is BILLION with a B!
Poor, poor Raytheon, huh?
"Raytheon’s mixed news shows the budget risks companies face as the US combat mission in Iraq changes to an advise-and-assist role, said Loren Thompson, a defense analyst for the Lexington Institute in Arlington, Va.
“When wars end, demand for munitions plummets,’’ he said. “Even companies that win competitions have to wonder about the profitability.’’
Yeah, what a BUMMER the WARS are ENDING (yeah, right, but hey, what is ONE MORE LIE in a newspaper full of them every day, day after day?)!
Don't worry, Americans; Raytheon will be all right:
"Focus on training helps Raytheon sidestep cuts; Sales up 11% this year despite slower defense spending" by Gopal Ratnam, Bloomberg News | August 6, 2010
Raytheon Co., the world’s biggest missile maker, is girding for slower growth in the US weapons budget by training soldiers with technology from the movie “Avatar’’ and helping educate General Motors Co. mechanics.
Ah, the MILITARY-INDUSTRIAL COMPLEX in all its glory!
See: The Lesson of Avatar
U.S. still has not learned.
Those programs are part of the Technical Services unit that led Raytheon’s first-half sales increases even as Defense Secretary Robert Gates called for ending a “gusher’’ of military purchases.
See: Gatey Bar the Door
The 11 percent gain was almost three times as much as that of the division building Patriot missiles.
“In these difficult times, it’s nice to have a part of your business grow like that,’’ said chief executive Bill Swanson.
Things are NOT that difficult for Bill here:
Raytheon CEO Rewarded
Executive Payday: Raytheon Rewarded by Labor
Raytheon Rises as Economy Falls
I guess a $200 MILLION-DOLLAR PROFIT in one quarter is tough!
Swanson, 61, has pushed to diversify the fifth-largest US defense contractor as war costs and the federal deficit squeeze Pentagon outlays on arms. His aim is to grab a bigger chunk of an estimated $22 billion US military training budget and win contracts for that work in countries including Saudi Arabia....
More money wasted on the NEXT WAR!
Also see: The Boston Globe's Invisible Ink: Stealth Saudi Blip on Raytheon Radar
As if the Saudis thought that would protect them.
One day you will be USING THOSE WEAPONS against USrael!!
In 2007, a Raytheon-led team won a 10-year, $11.2 billion contract to train all combat-bound US Army soldiers.
Translation: The WARS will NEVER END, America.
The Warrior Training Alliance’s services range from facilities maintenance to leadership and cultural programming to live-fire exercises, according to Raytheon’s website.
That's MSM reporting, huh? Checking out a website?
In March, Raytheon reached an agreement with Motion Reality Inc., developer of the 3-D technology for the Hollywood blockbuster “Avatar,’’ to build mobile training simulators, said John Harris, president of the Technical Services unit.
The equipment will mimic the experience of being on a street in Afghanistan or Iraq....
We are NEVER LEAVING despite what the LYING OBAMA ADMINISTRATION is telling YOU, Americans!!
--more--"
Yup, that is where your JOBS are now, Americans:
"
--more--"
Who cares if you are being LOOTED by WAR-PROFITEERS over LIES, LIES, LIES!!!!!
"Contractors resist US disclosure effort; Database lists fraud and shoddy work" by Bryan Bender, Globe Staff | August 30, 2010
WASHINGTON — Defense companies and other major industries are hoping to block disclosure of their own fraudulent or substandard performance in federal contracts, despite a mandate this year by Congress that such potentially embarrassing information be released to the public.
Yeah, the LAW AIN'T for THEM!
Sensitive to concerns raised by the companies, the White House has delayed enacting the little-known disclosure provision while it studies the issue, officials said.
Why is it LITTLE-KNOWN, Globe!
Yup, IN SERVICE to the MILITARY MACHINE -- same as the LAST GUY!
Some f***ing change!
And YOU GUYS have the GALL to HARANGUE KARZAI in Afghanistan?
Oh, the STENCH of Amerikan HYPOCRISY!!!!
The controversy highlights the extent to which efforts to make the government more transparent often garner bipartisan support but then stall in the face of powerful interests seeking to limit public disclosure.
Yup, the TRANSPARENT PRESIDENT, all right!
Hey, WE CAN SEE RIGHT THROUGH HIM!
The White House, in a statement, acknowledged that “there will be legal and practical issues’’ that have to be addressed before the new law can be implemented....
At issue is a database that is currently kept secret....
But it is a TRANSPARENT SECRET!
The database was not intended to be made public.
Then WHAT WAS the POINT, Congress?
Un-f***ing-real!!!!!!!!!!!!!!!!!!!!
Contractors complain that disclosing all that information could lead to the unfair use of damaging information by watchdog groups, the media, and their rivals....
In other words, the PUBLIC will be FURIOUS when they find out HOW MUCH MONEY has been STOLEN FROM THEM!!
See: Following Zakheim and Pentagon trillions to Israel and 9-11
Also watch these: The Real Story - Pre 9/11 History
You sure FORGOT about the TRILLIONS in UNACCOUNTED FOR MONEY after 9/11, huh?
Yeah, if you KNEW WHERE it was all going that would be the END of ISRAEL!
The disclosure requirement marks a major victory for government watchdog groups....
A HOLLOW NOTHING VICTORY, but a victory! How PATHETIC!
In March, before the measure was passed, Obama supported the concept....
And he FLIP-FLOPPED AGAIN, huh?
Another BROKEN F***ING PROMISE!
Within days of Obama signing the war funding bill, industry groups began urging the administration to exclude some information they contend could be damaging.
Yeah, WE KNOW he is controlled by the WAR MONGERS!!
For example, they fear that data on criminal or civil proceedings for contract violations or private agreements they reached to avoid being suspended for lack of performance could give their competitors an unfair advantage or spark public pressure to blacklist vendors that should otherwise be qualified bidders....
Yeah, we KNOW WHY they are WORRIED!
Others argue contractors should not have to reveal potentially self-incriminating information, such as explanations for alleged contract violations.
“Companies don’t have a Fifth Amendment right against self incrimination,’’ said John Chierichella, a contract attorney at the lobbying firm Sheppard, Mullin, Richter, & Hampton, which represents defense contractor
Time to CUT OFF ALL FUNDING, Congress!!
Alan Chvotkin, executive vice president of the Professional Services Council, a trade association that represents government contractors, believes the database will make “factoids available out of context’’ that could be unfairly used to bar a prospective bidder.
Other powerful industry voices opposed the creation of the database in the first place, including the National Defense Industrial Association, whose president told lawmakers this year that the information required for the database “appears to undermine the fundamental principles of due process.’’
Doesn't this WHINING and CRYING from WAR-LOOTERS make you SICK!!!
Related: Racing to Raytheon
America's Lone Industry
Poisonous War Profiteers
Look, Up in the Sky!
Raytheon Roars
War Looter's Wednesday: Peering Into the Future
Also see: In competition, a message of peace
Pffft!
Just what I needed to quell the rage: a LYING, WAR-PROMOTING, AGENDA-PUSHING PoS paper talking about PEACE!
F*** YOU, Globe!
