For the defence industry the gorging at the Pentagon trough is past. Lex's Stuart Kirk and Vincent Boland, discuss how companies, like BAE Systems which released results on Thursday, are coping.

For more commentary from the Lex team, visit http://www.ft.com/lex

Relate article: http://www.ft.com/cms/s/3/fbe70c74-dc95-11e1-a304-00144feab49a.html

http://www.FT.com/