Archive for the ‘DDG-1000’ Category

After Eight Boom Years, Defense Spending Likely to Slow

October 13, 2008

ByBy Dana Hedgpeth
Washington Post Staff Writer
Monday, October 13, 2008; Page D01

At the Walter E. Washington Convention Center last week, Army soldiers, Pentagon weapons buyers and defense company representatives milled about a cavernous trade show floor for a look at the latest military equipment and gadgets.
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Huge tanks sat beside armored trucks and machine guns. In one aisle, a stack of fake sandbags were arranged around a free cappuccino stand sponsored by KBR, one of the biggest government contractors in Iraq.

The annual exposition — put on by the Association of the United States Army — is one of the largest industry shows of its kind in the country, and the bustling convention floor was a testament to the success of an industry that has enjoyed steadily rising sales over the past eight years.

But the mood at the show was hardly celebratory. Rather, Topic A was whether those good times would continue.

Many assumed they would not.

Attendees worried that a new administration may be forced to cut back on defense spending as the nation strains under a global economic crisis and as presidential contenders talk about the eventuality of bringing troops home. Major weapons systems built by the likes of Falls Church-based General Dynamics or Lockheed Martin of Bethesda are likely to face new scrutiny — potentially dealing a blow to an industry that has helped insulate the region from deeper economic pain.

“There’s a lot of uncertainty out there,” said Kevin G. Kroger, president of Pura Dyn, a small Boynton Beach, Fla., company, who came to the trade show to pitch the Army on buying more of its oil filters for armored trucks. “We’re not sure where the budgets are going and what’s going to get funded. It leaves us nervous.”
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Above: ZUMWALT Class destroyer

Read the rest:
http://www.washingtonpost.com/wp-dyn/content/
article/2008/10/12/AR2008101201724.html

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Above: F-22 Raptor