Thread regarding L-3 Communications Holdings Inc. layoffs

The important number in there is the drop in net operating income. That is another name for the profit that is left after expenses. What it means is that we have to figure out how to get the jobs done more efficiently. Wasting less time and materials, doing it right the first time so the cost of production isn't 5X the book value is the item. No more spending $80k to build something we contracted to sell for $20k.