Here’s a little surprise: The top military contractors have all been doing pretty well since Sequestration hit.
I know what you’re thinking: They already got hit in anticipation of Sequestration. Only they didn’t.
Boeing (BA) and Oshkosh OSK are near 52 week highs, while United Technologies (UTX) and McKesson (MCK) 20% are at all time highs. (Table below)
So much for the impact of these government cutbacks on Military contractors . . .
Chuck Hagel on defense budget cuts under sequestration: ‘We’re adjusting to the realities’ (NBC)
The case for the sequester’s defense cuts (WonkBlog)
McKeon ‘Very Concerned’ About Sequester’s Military Impact (Washington Wire)
TOP 10 US Military Contractors Performance since March 1
Lockheed Martin LMT 5%
Boeing BA 10% 52 week highs
General Dynamic GD 3%
Raytheon RTN 5%
United Technologies UTX 3.40% All time highs
SAIC Inc SAI 5%
L-3 Communications LLL 3%
BAE Systems BA:L N/A
Oshkosh Corp OSK 5.70% Near 52 week highs
McKesson Corp MCK 4.20% All time highs
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.