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

|By:, SA News Editor

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."