It it were "my business" I would not have bid for contracts that are not making any real return if what I have heard is corrrect.
That's a delightfully optimistic way to describe a LOSS!
It's not always as back & white as that though. some of the loss-making contracts are worth keeping due to the effect they have on the other marginal ones when you look at the overall picture.
Corporate overheads are a cost spread accross all of those contracts. The fewer you have, the larger the portion each one is "burdened" with. Drop one loss-maker and you might find 2 that are currently just about breaking even will become loss-making.
Hence the way they are attacking those overheads with such enthusiasm!