The 3 Best Performing Defense Stocks of the Decade
The last decade for defense stocks has been a tail of two halves, with the sector boxed in early in the 2010s by a divided government that led to partisan budget battles and ultimately to restrictions on government spending. During this time, the Pentagon was fighting multiple battles in the Middle East, which consumed much of the Defense Department's attention and capital and ate into spending on more lucrative research and development work.
That all changed in 2016, when Washington, under single-party control, was able to end sequestration and agree to a two-year budget deal that opened the spigots. In the latter years of the decade, the Pentagon and other government agencies were focused on making up for lost time and funding modernization of IT systems and the nuclear triad while also exploring new technologies and more advanced weapons systems.
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Source Fool.com