Tuesday, June 29, 2010

One Reason Why DC Will Keep Rolling

Was just checking out productivity ratios at defense contractors, and they're remarkably low. Lockheed Martin, which gets 85% of its business from the U.S. government, does $45 billion in sales with 140,000 workers, or about $320,000 per employee. Ford does $124 billion in annual sales with 198,000 workers, or over $600,000 per employee.

For all the bailouts, union involvement, and other problems in the auto industry, they're lean and mean compared to the companies the Department of Defense does business with.

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