Comments on:

Pentagon contracts fell by two-thirds in October as shutdown deepened cuts

Back to the article » By |
Pentagon contracts plunged 66 percent to $15.7 billion last month, the lowest level since January, driven by automatic U.S. spending cuts and a partial government shutdown. The slump reflects a shifting landscape for companies such as General Dynamics Corp. and Raytheon Co., whose sales have declined after years of gains propelled in part by two wars. The Defense Department’s...