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Shares of big defense companies - NOC, GD, LMT - have dropped during the past two weeks ahead of...

Shares of big defense companies - NOC, GD, LMT - have dropped during the past two weeks ahead of possible federal budget cuts coming March 1. D.C. politicians may yet kick the can down the road, but some say House Republicans won't flinch, since defense spending "can always be replaced [later] during the appropriations process, after the cuts are put into place."
Comments (4)
  • Everyone knows there's plenty of fat in the Defense budget; even if they do cut (I'll believe it when I see it) I'm sure there are vital supply depots in Baraboo, Wisconsin that will get shuttered before they jettison some of the sexy weapons systems and various gizmos that the large defense contractors crank out.
    9 Feb 2013, 08:37 AM Reply Like
  • Or maybe we could just withdraw all troops from Europe and let them defend themselves for a change...
    9 Feb 2013, 09:28 AM Reply Like
  • It would not be a bad move but it happening would cost more in the short term and possibly the long term.
    10 Feb 2013, 12:09 AM Reply Like
  • The French complained when the US sent them the bill for transporting troops and equipment to Mali, I say too bad France.In fact, I think we should send Europe, Japan, Korea and any other country where we have troops stationed to defend that country from potential aggressor nations the bill for keeping those troops and resources in country.The US taxpayer has borne the burden long enough and now its time these countries share the pain of a strong defense because they have gotten a free ride for far too long.
    9 Feb 2013, 12:50 PM Reply Like
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