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US defense industry frets about high Iraq spending

...While many companies benefit from supplying vehicles and guns to U.S. troops in Iraq, some defense firms and industry experts are concerned that money spent on Iraq is taking away from more lucrative, longer-term multibillion-dollar programs...

"We're spending $6 billion to $7 billion a month in Iraq -- that's not efficient spending of defense money," said Frank Lanza, chief executive of defense company L-3 Communications Holdings Inc., in an interview last week.