In Defense, United Technologies Most At Risk From Brexit: Citi

With the world still reeling from the Brexit vote , Citi takes a look at the defense sector, and says United Technologies ( UTX ) has the most to lose. Analyst Jason Gursky writes that most defense names will be fine in a post-Brexit world, with most companies in his coverage “selling domestically to a customer with stabilizing budgets.” General Dynamics ( GD ) has UK operations, but that’s less than 5% of its total revenues.