RECENT NEWS
Clusterstock  Jan 26  Comment 
The White House revealed that President Barack Obama will propose a 3 year freeze in discretionary spending during the State of the Union tomorrow night. Will the freeze make a material difference in the overall spending by the government or the...
Reuters  Jan 7  Comment 
Boeing Co on Thursday announced an overhaul of its defense business that includes a name change for the unit and consolidation of two divisions, moving to position the company to pursue new markets in the face of a tougher U.S. defense spending...
Metal Bulletin  Dec 22  Comment 
Santa Claus arrived a few days early for metals-related companies, which found their stockings stuffed with goodies in the massive $626-billion defense spending bill passed by the Senate over the weekend.
Bloomberg  Dec 18  Comment 
A $636 billion U.S. Defense Department spending bill cleared a procedural hurdle early today in the Senate, which plans a final vote tomorrow to send the measure to President Barack Obama.
MarketWatch  Dec 17  Comment 
With Senate Democratic leaders still in search of 60 votes for their health-care overhaul, lawmakers turn to a defense spending measure as a possible weekend session loomed on health reform.
Reuters  Dec 15  Comment 
(For other news from the Reuters Aerospace and Defense Summit, click http://www.reuters.com/summit/AerospaceandDefense09?pid=500)
Bloomberg  Dec 15  Comment 
(Update1) The U.S. Congress is moving toward a stopgap measure to prevent the federal estate tax from expiring Dec. 31, postponing a broader fight over imposing a levy on the fortunes of multimillionaires when they die.
Bloomberg  Dec 15  Comment 
The U.S. House will approve a $75 billion jobs measure and a two-month increase in the $12.1 trillion federal debt limit, Majority Leader Steny Hoyer said today.



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Defense spending is the amount the sovereign of a country invests in weapons, weapon systems, and soldiers.

It is impossible (today) to get perfect exposure to increases in defense spending, because not all beneficiaries of increases are private companies - i.e., increases in defense spending could be used for increases in soldiers' salaries. (However, PMCs are becoming more widespread at it is not impossible to imagine a time when all soldiers are private contractors.)

Major defense companies include Lockheed Martin (LMT) , Raytheon Company (RTN) and Boeing Company (BA). Defense companies that focus on software include SAIC (SAI). One OTCBB listed security within the defense sector is Sector 10 (SECT).

iShares ETF (ITA)

Trends in US Spending

Largest Spenders

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