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The defense industry is financial healthy and its financial performance improved from 2010 to 2019 versus the prior decade despite worsening budgetary restrictions such as longer continuing resolutions, sequestration and decreased use of performance payments, according to a comprehensive study initiated by the Defense Department and released on Monday. The study also shows that internal research and development spending and capital expenditures fell from 6.2 percent of revenue to 5.9 percent from the 10-year period beginning in 2000 to the…
