Relatively flat spending proposed for the Pentagon in fiscal 2015, followed by potentially significant – but highly uncertain – increases in 2016 and beyond have Wall Street analysts and the aerospace and defense industry hopeful that 2013-14 represents the nadir for U.S. defense spending. “We expect that fiscal 2016-19 plans unveiled by [the Defense Department] could be greeted positively by defense bulls, as they will conform to notions that fiscal 2014-15 is a plateau in spending and ...


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