the DOD study found that “Despite improving profit margins and cash generation for defense contractors in 2010-2019 vs 2000-2009, the share of contractor spending on Independent Research and Development (IR&D) and capital expenditures declined while cash paid to shareholders in dividends and share repurchases increased by 73%.”
Defense Industry:“Use profits to reinvest in our business? Oh Hell no! Better to do share buy backs driving up shareholder value and more importantly drive increased CEO bonuses and profit sharing.”
