Other interesting information from the article.
- Merrill Lynch says spending by defense contractors will shrink 3.3% annually for the next five years -- and even this number may prove optimistic.
- Defense spending has risen from 3% of gross domestic product in the 1990s to a current 4.8%. A return to that 3% level represents a 35% drop.
- According to Merrill Lynch, since October 2001, defense and security spending has risen 74% and this trend is unsustainable.