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Exact(12)
That includes the billions that engine makers are spending to develop new products.
Mr. Gordon would not say how much Bell Atlantic was spending to develop and promote the new brand.
Three years ago, Congress mandated $10bn in federal spending to develop a capsule-carry rocket, reversing President Obama's own reversal away from George W Bush's manned spaceflight program.
Gucci expects the pressure on earnings because of lower licensing royalties as it draws distribution from licensees to itself, and because of heavy spending to develop new products and refurbish and open exclusive Yves Saint Laurent boutiques.
To save money, Chrysler has idled most of its plants so it can sell off a big backlog of new cars and it drastically scaled back spending to develop new products.
The company, meanwhile, says it will go ahead with capital spending to develop new fields in the Arctic, and continues to pour money into subsidiaries in often losing sectors like agriculture and media.
Similar(48)
As the mix shifts towards smaller models and carmakers have to devote more research spending to developing greener vehicles, profits will suffer.
This is in marked contrast to the development of medicines, where vast sums are spent to develop and refine the product, in terms of dosage, presentation, and mode of administration before it ever gets near a patient.
For every billion dollars we spend to develop our domestic resources, we create 12,500 jobs.
Far less than the military had hoped, despite the $20 billion spent to develop it.
European governments have paid Airbus 5.7 billion euros, which the company says has already been spent, to develop the A400M.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com