The System Software segment of the PureFunds ISE Cyber Security ETF (HACK), which constitutes around 33% of the ETF’s total holdings, generated a profit of 2.24% for the week ending September 19.
Northrop Grumman Corporation (NOC) is one of the most important defense contractors for the US government. The government and its state and national intelligence agencies contributed to ~87% of NOC’s total revenues in FY13.
The United States is known for ensuring security by constantly preparing for war. Republicans have widely opposed these defense cuts and will most likely try to reduce the defense spending limit of the U.S. government.
The week before LMT announced its results, its stock gained ~1.5%. However, these gains were wiped out after the announcement of the company’s 3Q15 results.
The U.S. government is Lockheed Martin’s (LMT) major customer. With almost 82% of its revenues from the U.S. government, LMT highly depends on the government.
Lockheed Martin on an acquisition spree As we saw in the previous article in this series, Lockheed Martin’s revenue has been negatively affected by U.S government spending cuts through sequestration and the Budget Control Act (or BCA) of 2011. Future revenue growth is also at risk, given Congress’s deadlock over the rollback of the BCA. As the largest defense contractor, […]
Lockheed Martin (LMT) operates in five business segments—Aeronautics, Information Systems & Global Solutions, Mission and Fire Controls, Mission Systems & Trainings, and Space Systems.
