America’s pull-backs from Iraq and Afghanistan have meant troubled times for defense contractors. But, daily airstrikes in Iraq and Syria have been good for business. The question is, how long will that last?
With defense spending shrinking, major defense contractors have laid off workers, merged with one another and slowed production lines. But daily attacks in Iraq and Syria require bombers, fighters and drones to pour out tons of munitions. Wall Street is already paying attention. That’s according to Pentagon Correspondent William Hennigan in today’s Los Angeles Times.