Ann: Quarterly Update and Appendix 4C, page-52

Industry Focus: Energy: Defense Earnings Roundup https://podtrac.com/pts/redirect.mp3/traffic.libsyn.com/secure/wherethemoneyis/20211028_IF_Energy.mp3?dest-id=160733

100B for fiscal 2022 govt wide services requested by the Whitehouse. 7.5% growth over 2021 spending.

83% for spending is outsourced contracting and IT. "Don't sleep on that". Last time they ignored this problem and it caused a lot of issues. Defense IT will hold up well in the market. Companies are much better setup to perform for the investors than these Defense primes that making hardware.