General Dynamics profit expected to be undented by an Iraq pullout

General Dynamics, the worst-performing stock among the five largest U.S. defense companies, may outpace competitors like Raytheon and Northrop Grumman as investors gain confidence that a U.S. pullout from Iraq will not hurt profit at the company, which is the biggest supplier of combat gear to the U.S. Army.

U.S. troops in Iraq might need armored vehicles and tanks from General Dynamics for years to come, while allies are preparing to step up purchases to modernize their own militaries, said Erik Becker, co-manager of the Waddell & Reed Advisors Core Investment fund, based in Overland Park, Kansas.

"The U.S. military presence in Iraq and Afghanistan will continue for longer than people expect," Becker said.

In addition, revenue from business jets will help the stock rise 25 percent to $105 in the next 12 months, he said. General Dynamics trailed other U.S. defense companies most of the year.

[...]

Gay linguists Fired from US Military ( Must work too cheaply)

[...]
Around 40 Congressmen and women signed a letter to the chairman of the House Armed Services Committee, that the continued loss of such "capable, highly skilled Arabic linguists continues to compromise our national security during time of war."

Representative Marty Meehan, a Democrat from Massachusetts, serves on the House Armed Services Committee and has led the fight for repeal of the current policy towards gays in the military.

He organised the written request after it emerged that 58 Arab speakers had been dismissed under "Don't Ask Don't Tell."
[...]