Financial Times FT.com

Financial risk could shift to US defence contractors

By James Boxell

Published: April 23 2007 23:10 | Last updated: April 23 2007 23:10

US defence companies are expected to report strong first-quarter profit this week, starting with Lockheed Martin today as the Pentagon budget scales new peaks and contract terms remain more favourable than most people can remember.

In recent weeks, though, a cloud has appeared on the horizon.

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