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Sikorsky added 1,000 workers in 2020 The company s new president promises more jobs this year at the Stratford helicopter manufacturer

Sikorsky added 1,000 workers in 2020. The company’s new president promises more jobs this year at the Stratford helicopter manufacturer. Stephen Singer, Hartford Courant The new president of Sikorsky Aircraft is settling in just after the helicopter manufacturer doubled its pace of hiring in 2020 and he’s promising to keep it up this year. Paul Lemmo, who took the top job Jan. 4, is leading Sikorsky, a subsidiary of defense giant Lockheed Martin Corp., as it rides a wave of strong, though not rising, military spending in response to threats in Asia. The Stratford manufacturer is designing and building three critical helicopter programs.

Stocks that have emerged from the pandemic with underappreciated profit growth Plus, TSX small caps ranked by expected returns

Stocks that have emerged from the pandemic with underappreciated profit growth Plus, TSX small caps ranked by expected returns
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Fewer Defense Companies in Military Spending Boom Raise Alarms

Prime vendors decreased 36% since fiscal 2011 Joint Chiefs warn Pentagon supply chain is weak March 8, 2021 6:02 AM By Travis J. Tritten and Paul Murphy The number of companies winning Pentagon prime contracts has plummeted over the past decade, underlying growing concerns over the health of the defense industrial base. Prime vendors fell by 36% since fiscal 2011 even as defense spending climbed 18% over the same time, a new Bloomberg Government analysis shows. That means an ever-smaller pool of contractors won bigger pieces of a growing defense budget. The figures illustrate a decline in the size of the military’s vast industrial base, which comprises more than 300,000 companies spread across every state. The shrinking number of prime contractors inking deals with the military, as well as a contraction in the vast network of subcontractors that supply them parts and services, has set off alarm bells among the highest echelons of the Pentagon and on Capitol Hil

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