BAE refuses to let environmentalism cut into profits

Europe's leading arms manufacturer is doing better than most Wall Street firms:

BAE Systems today unveiled better than expected half year profits, helped by continuing demand for armoured vehicles in Iraq and Afghanistan.
Europe's biggest defence company said earnings before interest tax and amortisation had climbed by 26% to GBP881m on sales, up 12% at GBP7.75bn.

And apparently they're reluctant to cut into those profits with off-the-wall new products:

Britain's biggest arms manufacturer has abandoned plans to produce 'green bullets' two years after promising major investment in ecologically sound weaponry. British Aerospace had wanted to produce bullets tipped with tungsten instead of lead but sources say that higher production costs made the venture unprofitable.

By: Brant