U.S. Defense Budget Headaches May Only Increase Thanks to Focus on Tax Reform
The defense budget for fiscal 2018 continues to wind its way through Congress. Since fiscal 2018 began on Oct. 1 without a budget, the U.S. Department of Defense is operating under a continuing resolution, or CR, that lasts until Dec. 8, which freezes funding at fiscal 2017 levels and prohibits new program starts. We think the most likely outcome is an extension of the CR into next calendar year and that the U.S. defense stocks we cover won’t react to this development (we'll hear more on upcomi...Northrop Grumman is a security company. The company's segments include: Aerospace Systems, which is engaged in the design, development, integration and production of manned aircraft, autonomous systems, spacecraft, high-energy laser systems, microelectronics and other systems and subsystems; Innovation Systems, which is engaged in the design, development, integration and production of flight, armament and space systems; Mission Systems, which is engaged in end-to-end mission solutions and multifunction systems; and Technology Services, which is engaged in delivering solutions and services in support of mission-critical networks and systems.
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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