Six months on from 11 September, US defence stocks are selectively continuing to hit new highs. Inve...
Six months on from 11 September, US defence stocks are selectively continuing to hit new highs. Investors are showing renewed interest in the sector which, after making significant gains, has seen some valuations come back, according to Gil Knight, manager of the Govett US Opportunities fund. The sector is underpinned by a huge rise in the US defence budget, set to represent a spend of about £105bn over the next three to four years, which Knight says will be good for US defence companies. He notes that Alliant Tech Systems had a big jump in its share price after 11 September, hittin...
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