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...Raytheon, together with its subsidiaries, is a technology company, focused on defense and other government markets. The company has five segments: Integrated Defense Systems, which is engaged in integrated air and missile defense; large land- and sea-based radar solutions; command, control, communications, computers, cyber and intelligence solutions; Intelligence, Information and Services, which provides technical services to intelligence, defense, federal and commercial customers; Missile Systems, which produces missile and combat systems; Space and Airborne Systems, which develops integrated sensor and communication systems for missions; and Forcepoint, which develops cybersecurity products.
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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