Investors Need to Take a Closer Look at Trump's 10% Defense Budget Increase
Reports surfaced this week that President Donald Trump’s administration plans to increase fiscal 2018 defense spending significantly. The administration’s initial statements coupled with the budget and political environment confirm our forecast of around $650 billion in defense spending for fiscal 2018, of which $625 billion-$630 billion will go to the Department of Defense. We view the major defense contractors we cover--Lockheed Martin, Northrop Grumman, Raytheon, General Dynamics, Boeing, and...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.
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