US defense industry adapts to newly cost-conscious Pentagon

US defense industry adapts to newly cost-conscious Pentagon
Many also say they have decided not to bid on contracts if development costs appear excessive. And some, including smaller start-ups, have recast their business structures to cut overhead. "Now, you better be able to get what you're competing for or …
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QBE to Shed 700 Staff in Cost-Cutting Drive
QBE Insurance Group Ltd. (QBE.AU) is planing to cut 700 jobs as part of a plan to save $ 200 million in annual operating costs across the group, the Australian Financial Review reported Monday. QBE's share price and credit rating have come under …
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