Lockheed, Raytheon Land Billions in End-of Year Defense Contract Spending Spree

It's an open secret among defense investors: When the government approaches the end of a fiscal quarter, the Pentagon goes into panic mode. Act fast, or money appropriated for defense purchases won't get spent, and Congress may decide that, well, if the Pentagon didn't need to spend all that money last quarter, maybe it doesn't really need so much money next quarter, either.

Result: Every three months we see a mad dash as defense contracting clerks rush to shovel money out the door before the close of the quarter.

This quarter is no different.

Source Fool.com