Aerospace & Defense Industry Thrives Amid Budget Cuts

By | December 19, 2013

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The aerospace and defense industry has been one of the surprise winners of 2013. Stocks of Lockheed Martin (LMT), Northrop Grumman (NOC) and Boeing (BA) were expected to take a hit from sharp government budget cuts, known as the sequester, that took effect in March. Congress passed a budget bill this week to ease the cuts. President Obama is expected to sign it into law. IBD’s 56-member Aerospace/Defense industry group is up 55% this year, double Scalper1 News

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