Qinetiq looks to us to offset domestic defence gloom [Taking Stock]

With the global financial meltdown showing little sign of easing and, if anything, heading towards a second dip recession, governments around the world are looking for ways to ease their financial burdens. Where sectors such as education and health have been ring-fenced against cuts, the brunt of fiscal pruning has fallen on defence budgets, leaving companies in the defence industry extremely vulnerable.