PRZOOM - /newswire/ -
Point Roberts, WA, United States, 2007/07/08 - Potential military contracts worth over $20 billion become a Key Driver for Armor, and Armored Vehicle Stocks such as Armor Holdings, Force Protection, and Oshkosh Trucks (AMEX: DXS).
HomelandDefenseStocks.com, the leading global investor and industry portal for the homeland defense and security sector, presents an update on homeland defense and security stocks in an audio interview with Scott Sacknoff, Manager of the SPADE® Defense Index (AMEX: DXS). In this month’s audio discussion Mr. Sacknoff updates us on how defense and security stocks have done over the first six months of the year, which stocks and segments have performed the best and what analysts expect to see in the second half of the year.
According to Sacknoff, armor and armored vehicle companies such as Armor Holdings, Force Protection, and Oshkosh Trucks have performed well on news that the Pentagon has cleared the U.S. Army to rush orders for Mine Resistant Ambush Protection Vehicles to help protect troops in Iraq. Homeland security stocks such as TASER, L1 Identity, and OSI Systems have also rebounded from sub-par performance last year to be among the sector’s leading gainers.
In terms of expectations for the second half of 2007, Mr. Sacknoff expects a strong finish. “Over the last several years, the third quarter that includes September, has historically been strong as the government awards a large number of contracts spending fiscal year-end monies. The passage of the DoD supplemental spending bill will also enable DoD to re-allocate resources toward R&D projects whose funding shifted to pay for the war in Iraq.”
He adds, “The fourth quarter also tends to be a strong period but can vary due to a number of market-related factors such as end-of-year profit taking to early betting on how strong one believes the FY09 defense budget proposal will be when it is announced in late January / early February.”
HomelandDefenseStocks.com, BorderandPortSecurity.com, and NationalHomelandSecurityKnowledgebase.com, portals within the InvestorIdeas.com content umbrella, do not make recommendations but offer investors research, news, blogs, RSS Feeds, online conferences, interviews and links to public companies within the homeland security and defense sector.
InvestorIdeas.com Disclaimer: Our sites do not make recommendations, but offer information portals to investors to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of any information presented. All information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our websites. This site is compensated by featured companies, news submissions and online advertising. InvestorIdeas.com is not compensated by the Spade Defense Index.
Source: HomelandDefenseStocks.com, SPADE Defense Index