Wall Streeters high for years on a bullish defense outlook got two reality checks recently with lawmakers' moves to cut F-22 fighter funding and to find federal money to fund a Republican-sponsored tax cut. Now, contends investment house Merrill Lynch, a third issue is set to emerge that should temper expectations further - revised inflation estimates that could trim outyear spending plans. "Of the $112 billion increase in the Future Year Defense Plan that was submitted earlier ...


"Summer offered defense investors reality checks, analyst says" is Premium Content. Subscribing will provide full access to this article as well as the opportunity to access:
-- Critical intelligence on the global aviation, aerospace & defense industries
-- Consolidated, comprehensive coverage of the programs and technologies shaping the industry
-- And much more…

Already registered? here.