Unfortunately I have no special insight. I don't think the precise ebbs and flows of the DOD's budget are knowable, at least by me. However, history has shown that the defense sector is resilient in just about every budget scenario. As a long-term investor, I prefer to focus more on whether the defense contractor's competitive advantages are increasing or decreasing. Thanks for reading and for the question, Simon!
Thanks Matt 💚 🥃
Regarding the upcoming debt ceiling discussion, how do you view the possibility that defence spending is cut and thus, defence earnings might shrink?
Unfortunately I have no special insight. I don't think the precise ebbs and flows of the DOD's budget are knowable, at least by me. However, history has shown that the defense sector is resilient in just about every budget scenario. As a long-term investor, I prefer to focus more on whether the defense contractor's competitive advantages are increasing or decreasing. Thanks for reading and for the question, Simon!