Investors are Hungover on Defense Stocks but the Spending Party Hasn't Even Started Yet
Over the past several months, defense stocks have stalled, underperforming the S&P 500, but we believe that industry growth rates will accelerate through 2019 as recent increases in the Department of Defense budget translate into outlays to the industry. Our regression analysis tying industry revenue growth to U.S. defense outlays predicts double-digit revenue growth for some industry names by second-quarter 2019.In addition, we think the midterm elections slated for early November 2018 cou...
L3 Technologies is a defense technology company. The company's segments include: Intelligence, Surveillance and Reconnaissance systems, which provides engineering, modernization and sustainment solutions for military and various government aircraft, ground support equipment and other platforms; Communications and Networked Systems, which provides network and communication systems, communications products, radio frequency components, satellite communication terminals and space, microwave and telemetry products; and Electronic Systems, which provides a range of products and services, including components, products, subsystems, systems and related services to military and commercial customers.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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