BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Defense stocks should be on your radar screen]]>http://www.bloggingstocks.com/2008/02/07/defense-stocks-should-hit-your-radar-screen/http://www.bloggingstocks.com/2008/02/07/defense-stocks-should-hit-your-radar-screen/http://www.bloggingstocks.com/2008/02/07/defense-stocks-should-hit-your-radar-screen/#commentsFiled under: , , , , , , , , , , , , , ,

President Bush recently submitted a $3.1 trillion dollar budget to congress with the biggest proposed increases in defense spending, and homeland security. The Pentagon would get a $35 billion increase to $515 billion for core programs, about 7% with war costs additional (but how much is additional?) This further supports my investment posture for this year and next that the defense sector is the place to be as I posted earlier today and many times over the past few months -- the BIG BUYS.

Some of our big defense contractors, all of which should benefit to some degree include: Boeing (NYSE: BA), General Dynamics (NYSE: GD), Lockheed Martin (NYSE: LMT), Northrop Grumman (NYSE: NOC), Raytheon Company (NYSE: RTN), and United Technologies (NYSE: UTX). I am not suggesting that you jump into these stocks immediately, but you should add them to your watch list. Perhaps, for some investors dollar cost averaging into them over six months would make sense. Each has a varying degree of exposure to defense spending. For example, United Technologies is the parent of Sikorsky helicopters which makes the Black Hawk. Lockheed Martin and Boeing make fighter jets. Raytheon makes defense electronics and missile while General Dynamics and Northrop Grumman supply warships to the US Navy. Northrop also makes aerial vehicles that are being used in the Iraq War.

Continue reading Defense stocks should be on your radar screen

Defense stocks should be on your radar screen originally appeared on BloggingStocks on Thu, 07 Feb 2008 16:19:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>BABoeingChinadefense spendingDefenseSpendingfiscal repsonsibilityFiscalRepsonsibilityGDGeneral DynamicsGeneralDynamicsGeorge Bush budgetGeorgeBushBudgetinthenewsliberLMTLockheed MartinLockheedMartinmiddle eastMiddleEastNOCNorthrop GrummanNorthropGrummanRaytheonRTNUnited technologiesUnitedTechnologiesUTXThu, 07 Feb 2008 16:19:00 EST