John Tandlich

What Obama's Victory Means for the Defense Sector

Beware of the law of unintended expectations here. Following the end of the Cold War and the inauguration of Clinton, everyone expected defense stocks to tank [no pun intended]. Instead, they soared, here and in Europe, amid a wave of industry consolidtion. Even Obama is not going to eliminate the deense budget. Some big ticket items such as the Future Combat System and missile defense will be slashed or eliminated, but funds for repair and restoration of equipment after two wars will be there.