Big week ahead for aerospace and defense earnings

Defense stocks emerged from last earnings season unscathed, despite worries that sequestration would begin to erode bottom lines. When all was said and done, Boeing (BA -0.8%), Lockheed Martin (LMT -2.6%), General Dynamics (GD -0.5%), Raytheon (RTN -2.5%), and Northrop Grumman (NOC -1.4%) all beat Street expectations for Q2.

This week, the market will get a fresh look at the sector, as Q3 reports begin to roll in — LMT kicks off the action tomorrow.

Coming up on Wednesday: Reports from BA, GD, and NOC.

RTN reports Thursday.

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