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Report Outlines 2011 Outlook for Biggest GovCon Aerospace Companies

Report Outlines 2011 Outlook for Biggest GovCon Aerospace Companies - top government contractors - best government contracting event
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Report Outlines 2011 Outlook for Biggest GovCon Aerospace Companies - top government contractors - best government contracting event
Photo: Freddy Smeets

A report by Zacks Equity Research has detailed the outlook for the nation“™s largest government-contracting companies in the aerospace and defense areas: Lockheed Martin, Boeing and Northrop Grumman.

There will be contracts to be gained next year: This month, the U.S. House of Representatives passed a bill worth some $725 billion bill for Defense spending in the fiscal year 2011, with $160 billion allotted to continuing engagements in Iraq and Afghanistan.

However, the report expected the winding down of the two wars will lead to these companies gaining an edge over competition with mergers and acquisitions. Already, the Office of Management and Budget has directed DoD to cut back its long-term budget.

There are areas of growth, however: High-tech intelligence equipment, the report said, will begin to surpass large artillery as the focus for DoD. The report said increased international and domestic demand grew military aircraft sales to $64.5 billion, an increase of 8 percent from the previous year.

Zacks deemed its outlook on the U.S. aerospace and defense industry neutral overall, with recession and budget cuts balancing new opportunities and high-tech developments.

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Written by Neel Mehta

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