Perspective: Heady Days for Makers of Weapons

THESE are very good times for military contractors. Profits are up, their stocks are rising and Pentagon spending is reaching record levels.

The only cloud might seem to be what the Democratic takeover of Congress could mean for their business. After all, this is an industry that has generally supported the Republican Party by sending about 60 percent of its political contributions to Republican candidates.

But, even so, few in the military industry are worried. Next year’s Pentagon budget is expected to exceed $560 billion, including spending for Iraq. And, sometime this spring, President Bush has indicated he will seek an additional $100 billion in supplemental spending in 2007 for Iraq and Afghanistan.

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