Defense Firms Look Abroad for Profits

Morning Coffee is a robust blend of links to news around the Internet concerning the Pax River economic community. The opinions expressed here do not necessarily reflect those of the Leader’s owners or staff.

SH-60B Seahawk courtesy of Sikorsky

The News Tribune says contractors are having a “panic attack” over defense cuts. Defense firms are spending more on lobbying, according to Defense News. Study says that the US defense industry must start looking abroad for profits, AOL Defense reports. Sikorsky is turning to Brazil, China, India and Turkey for growth potential, Reuters reports.

Time says a GAO report shows that the Joint Strike Fighter has doubled in cost since 2001.

Lockheed waits to hear if the KMAX unmanned helicopter mission will be extended in Afghanistan past September, Shepherd reports.

Pax River jobs are the key factor in St. Mary’s County wage disparity, The Enterprise reports.