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...TransDigm Group is a holding company. Through its subsidiaries, the company designs, produces and supplies aircraft components for use on commercial and military aircraft. The company's segments are: Power and Control, which develops, produces and markets systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies; Airframe, which develops, produces and markets systems and components that are used in non-power airframe applications utilizing airframe and cabin structure technologies; and Non-aviation, which develops, produces and markets products for non-aviation markets.
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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