If you were longing for the day when armies of metal titans would roam the battlefield, breathing fire and shooting lasers from their hands, I’ve got some bad news for you: the military is cutting spending on its killer robots.
iRobot, the company that makes DJ Roomba, announced last week that its largest portion of revenue, military contracts, would take a substantial hit. Subsequently, their stock fell by nearly a third of its value. But iRobot is not out of the picture just yet:
…the company issued new guidance, saying it expects the government side of its business to take a 20 percent hit in 2012, due to a combination of reduced defense budget growth, and a slowing of new projects during an election year. IRobot expects its revenues to shift from a breakdown of 40 percent government and industrial and 60 percent consumer, to 30 percent government and industrial and 70 percent consumer.
Hopefully, consumer robotics will keep the company afloat until such time as we have a Republican in office who isn’t afraid to spend some money on killer robots. Damn Democrat peace loving fruitcakes! Their aversion to war is killing the tech sector!