Little Trace of Slowdown For Defense Contractors
A January 27, 2008 WashingtonPost.com article reported, “Global markets may be writhing and the U.S. economy teetering at the brink of recession, but for many of the nation’s largest defense firms, the good times keep going.â€
“We are about as far removed from the credit risk and those sorts of matters as you can imagine,” said Bruce L. Tanner, chief financial officer at Lockheed Martin of Bethesda. “We feel sort of insulated.”
Although some analysts see that possible troop reductions could hurting the defense industry in the long run; at least one major defense contractor is predicting continued reasonable growth for defense spending in the federal budget for 2009 and beyond. The largest defense contractors will be relatively unaffected over the long term due to their large multiyear contracts.
What do you think? Are defense industry jobs insulated against the declining economy?
Comment Archive
Several experienced contract investigators were unlawfully suspended for security concerns that were never proven, did not exist, which included a process to defame their characters; disrupting livelihoods; and were judged as a Federal Employees, which they were not.
A contract investigator fighting an unjust claim of being unsuitable by OPM FISD, after working for some time in the industry commited suicide.
The suspensions were conducted by Kathy Dillaman of OPM FISD, her staff to include those of USIS who were contracted by Dillaman to review the work of contract investigators.
Contracting Companies conducting backgrounds for OPM FISD and other agencies for years QUIT the OPM FISD contract (MSM & Omnisec) which caused a loss of over 4 thousand contract investigators and knowledgeable staff, because of OPM FISD abuse of power…
Those wrongfully accused of unproven criminal acts, made every effort to obtain proper due process, but OPM Officials failed in every sense of the word to provide fair and impartial justice, and purposely disregarded all responses and correspondence. The offices included: Director of OPM; OPM Inspector General; OPM FISD and the OPM General Counsel.
Dillaman, Director of OPM FISD purposely delays all inquiries against her, and her office, by ignoring all requests and appeals, which in it self is the route to the delays of security backgrounds. All those of OPM FISD had deliberately ignored our Constitutional and Federal Laws, Regulations and OPM Notices. Even the OPM General Counsel’s Office to include the OPM IG ignored all responses for a request of due process.
OPM FISD continuous deception and delays, is an endless road. The lack of fair and impartial justice not given and abuse of power, by those within OPM is the real reason for the backlog. Those great man and woman, with extensive experience, that have been conducting security backgrounds for years, under contract, are leaving the business, because of Dillaman and her staff’s unethical practices of abuse and injustice..
There are people in the business that can correct the backlog of security backgrounds in months, but because of the reputation of injustice and abuse of power, to include deception of OPM FISD, it will never be corrected.
This country depends on our soldiers and agents in the field, to protect us. Since the 80’s those soldiers and agents continued after retirement, as contract investigators, conducting Security Background Investigations for little money and got the job done, out of patriotism, and loyalty, but now we have those that are greedy, incompetent running our country’s security, like OPM FISD who has over 90% of the Security Background Investigative duties and can’t get it done – we deserve everything we get, if this country and those in our government don’t wakeup NOW.
Right on! Why don’t you take these bas–rds to Court!