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Aside from Medicare-dependent firms (I, II), defense contractors (PAA -1.2%) also have much to...

Aside from Medicare-dependent firms (I, II), defense contractors (PAA -1.2%) also have much to fear from "devastating" cuts via a debt deal. The Pentagon would take fully 50% of cuts imposed by any triggered second round of $1.2T in cuts, Lazard analyst Michael Lewis warns. LMT -1.7%, RTN -0.9%, NOC -1.5%, GD -0.9%, SAI -2.7%, LLL -3.2%.
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Comments (2)
  • radicall
    , contributor
    Comments (534) | Send Message
     
    Michael Lews of Liar's Poker fame? Or a different Michael Lewis?
    1 Aug 2011, 05:27 PM Reply Like
  • GZieses
    , contributor
    Comments (7) | Send Message
     
    Why did he lump PAA which is an oil industry company in with defense contractors who are at risk?
    12 Aug 2011, 01:41 PM Reply Like
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