06.Mar.2012
2011 Not So Bad For U.S. Defense Contractors, Survey Shows
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“The fact that half of the contractors experienced revenue growth continues a long-term trend that government contractors are far less vulnerable than commercial companies to recessions or slow growth in the overall economy,” said retired Vice Adm. Lewis (Lou) Crenshaw Jr., Grant Thornton LLP’s National Aerospace and Defense practice leader. “However, the 29 percent of companies experiencing revenue reductions is the highest percentage reported in several surveys, which may indicate that the government’s efforts to reduce deficits are having a negative impact on contractor revenue.”
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