2 Contractors Hit Hard by Defense Cuts
The following video is part of our "Motley Fool Conversations" series, in which industrials editor and analyst Brendan Byrnes and technology editor and analyst Andrew Tonner discuss topics across the investing world.
In today's edition, Brendan and Andrew discuss the recently released Pentagon budget breakdown, which gave more guidance about how nearly a half-trillion dollars in defense cuts will be implemented. There were no major surprises in the budget for the major contractors. Lockheed Martin had been expecting delays on the massive F-35 fighter jet contract, and that's exactly what happened. Two companies that were hurt more were smaller players -- Aerovironment and Oshkosh. Brendan goes in-depth about what this budget means for those two companies, as well as for the big boys in the defense contracting space.
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At the time this article was published Andrew Tonner has no positions in the stocks mentioned above. Brendan Byrnes has no positions in the stocks mentioned above. The Motley Fool owns shares of General Dynamics and Lockheed Martin.Motley Fool newsletter services recommendAeroVironment. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.
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