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Defense Electronics Industry Review April 2013
The impact of budget constraints was starting be seen as financials for the first quarter of 2013 were reported by companies operating in the defense industry. Revenues were by and large flat for most companies and the emphasis was on maintaining profitability. most companies demonstrated net income that was essentially flat compared with the year-ago quarter. This exemplifies the efforts being made across the defense industry to streamline operations and ensure profitability as revenue growth slows and declines. Away from financials, ongoing activity included mergers and acquisitions, product launches and milestones, as well as seemingly healthy contract activity.