Now with the US House of Representatives bill passing by the narrowest of margins.. (215-214), the bill moves to the US Senate for reconciliation. There is an increase of approximately 150 billion above and beyond last years 900 billion for defense budget.
The increase may bode well for companies such as AL3 and Titomic as they've on-shored operation to the US. AL3 for the Virginia and Ohio class submarine parts procurement emergency and Titomic for their mystery manufacturing soon to be announce I suspect after ribbon cutting ceremony June 2nd in Madison, Alabama.
I don't think these moves to the US were by happenstance by either company. I believe they were courted to come here.. There could be movement on AL3 share price as there is a hope to get the bill to the President by Independence Day July 4th. There afterwards, the press releases on contacts may flow nicely... I believe if you are in, you win..
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