Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
Market Currents

With defense budgets being slashed around the world, the collapse of the BAE's $45B merger with...

  • Thursday, October 11, 2012, 10:15 AM ET
    With defense budgets being slashed around the world, the collapse of the BAE's $45B merger with EADS will put the focus on possible deals between tier-two firms such as Rockwell Collins (COL), L-3 Communications (LLL), SAIC (SAI) and Harris (HRS), industry execs and bankers tell Reuters. Much could depend on whether Congress averts the automatic defense cuts that are due from Jan 1.
Track new comments on this story

This news story has 5 comments:

  •  
    European defense budgets may be cut, but not ours in the U.S..

    John McCain and Co. will give the Dems whatever they want to avoid the $600 billion in defense spending cuts. Raytheon, Lockheed, etc. should do very well in the coming years, especially when we start bombing Iran.
    11 Oct 2012, 10:27 AM Reply Like
  •  
    The tea party won't agree to a tax hike. Unless there is a power shift the stalemate will continue. It doesn't matter which direction, but action requires compromise or that one party has the clout to force the issue The wide divergence in philosophy on strongly held viewpoints by some (in both parties) makes compromise unlikely.
    11 Oct 2012, 12:00 PM Reply Like
  •  
    IOM once the election is over both parties will posture for awhile and reach a compromise, they usually do. Remember the "Bush Tax Cuts" were renewed for two years by Obama shortly before they expired. If either party gets a majority in both houses, they will get some additional goodies that they want. If there is a chance of real reform, then there could be a one year extension and a promise of tax reform and budget reform...but don't hold your breath about that.
    12 Oct 2012, 08:35 PM Reply Like
  •  
    The Laws of Mathematics do not compromise.
    2 Nov 2012, 06:29 PM Reply Like
  •  
    Nothing will happen with SAI until they complete their split into 2 companies. ITT Exelis (XLS) should be a tempting target as well. It is the former ITT Defense and is $5-6 billion in size.
    9 Nov 2012, 07:21 AM Reply Like
LATEST|
TODAY SO FAR|
YESTERDAY
Other date
DJIA (DIA) S&P 500 (SPY)
Latest Articles
More Latest Articles »