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Monday, July 19, 2004

All Aboard the Gravy Train

General Dynamics Wins Billion-Dollar Deal
A team led by General Dynamics Corp. (GD.N) has won a big contract to design and develop new hand-held radios for U.S. troops, sources familiar with the matter told Reuters on Monday.

U.S. Army officials in Washington gave no details, but said they briefed lawmakers on the contract on Friday and planned a news release later on Monday.

The sources told Reuters the contract to supply the new software-programmable radios to the U.S. military could be worth $5 billion to $10 billion in the longer-term.
Do you know how many politicians you could buy with $10 billion? All of them.