Aerospace Stocks News

Defense Companies Poised For Growth Under Bush

Despite the uncertainty of new government policy, the defense industry presents a picture of renewed growth, boosted by higher spending and technology funding under the George W. Bush administration. Makers of the nation's warfare technologies along with Wall Street analysts and industry consultants spent a week bragging about new opportunities and the likelihood of changes to Pentagon policy that would foster growth after 15 years of strained budgets. What's more, defense and aerospace stocks ended on a high note, climbing amid a broad market slump as 24 U.S. and British warplanes struck Iraqi military targets using various long-range, precision-guided weapons.