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11
February
2008

Muscular Defense Plan Buoys Contractors

Muscular Defense Plan Buoys Contractors

That would mean big new opportunities and more funding for major projects for local defense and technology contractors, including Lockheed Martin of Bethesda, General Dynamics of Falls Church, SI International of Reston, CACI International of Arlington and Northrop Grumman, which is based in Los Angeles but has a large presence in the Washington area. “The expectation has been that it can’t continue to increase as it has,” Phil Finnegan, a defense analyst at the Teal Group in Fairfax, said of defense spending. “But it has surprised everyone to see how long this increase has continued. This budget was a great budget for all defense contractors. It includes continuing growth — not as fast as last year, but it enabled everyone’s programs to be funded.” Finnegan, other analysts and executives at contracting companies said they don’t expect the party to last indefinitely.

Tags Defense Budget Media Outlet: The Washington Post Categories: Teal Group In The Media, Philip Finnegan

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