Aerospace ETFs Grounded as Budget Cuts Take a Toll
January 23, 2014 at 15:39 PM EST
Federal budget cuts are beginning to make an impact on aerospace and defense stocks and exchange traded funds, with Lockheed Martin Corp. (NYSE: LMT) revealing a 14% drop in fourth-quarter profits. Lockheed, the U.S. government’s largest contractor, saw net income from continuing operations...