All the talk about budget cuts, including Obama’s plan, sparks a Goldman warning on the defense...

|By:, SA News Editor

All the talk about budget cuts, including Obama’s plan, sparks a Goldman warning on the defense sector: "Declines in base investment in 2011 outcome represent an outcome worse than we expected when we first downgraded the Defense sector," and 2012 cuts will be "similar to if not more than" 2011. LMT -2.5%, NOC -2%, LLL -1.7%, RTN -2.8%, GD -1.2%, BA -1.3%.