Monday, February 05, 2007

Defense Spending Strong, Will Remain Strong

According to General David Baker (Ret.)

“The Chief of Staff of the United States Army, General Schoomaker, has said that his biggest costs don’t start until the last bullet is fired in Iraq. That drops a few jaws when I get into conversations with people about this subject, but resetting the forces and giving the Marines back all the equipment they loaned the Army is indeed very expensive, and that’s going to continue”

General Dynamics is the Army’s top supplier for armored vehicles and should benefit from increased equipment spending. While GD certainly isn't the cheapest stock in the defense sector, it is uniquely positioned from the needs of the US military

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