Scalper1 News
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
Scalper1 News