Daily News

Defense contracting executives insist companies will be able to retain boost from tax legislation

February 9, 2018 at 11:01 AM
The new tax legislation passed late last year has been hailed by many business executives, who argue the changes will help them invest in their workers and new technology. But the Wall Street analysts who focus on defense companies have increasingly expressed concern that contractors will not reap the expected benefits because they will face pressure -- both from the government and in the competitive marketplace -- to lower their prices, rather than hang on to higher profits. In discussions...

and

Not a subscriber? Sign up for 30 days free access to exclusive, behind-the-scenes reporting on the Trump administration's defense buildup and the response by the coming Democrat-controlled House of Representatives.

Log in to access this content.