The Street quoted Jim Cramer, “The new bomber contract that Northrop got – it’s huge. Much more than the stock’s up. Still an opportunity. A big one. And, the fact that Lockheed Martin’s going higher even though it lost the deal? What does that tell you about defense spending?”
The fact that the losers in the deal still are going up does point to the industries potential for growth. The climate in the middle east and increasing commitment from the government to fight ISIS points to more spending on military investments.
ITA recently raised above its 50-dayMA and is now pushing its 200-day.
