Defense Stocks Likely to Surpass Q2 Earnings Estimates. QHL could benefit.

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Tue, July 27, 2021, 7:07 PM
The Q2 reporting cycle for defense stocks, which are housed within the broader Aerospace sector, has already started with Lockheed Martin LMT delivering better-than-expected results. Taking a look at the whole picture, we remain optimistic about the defense majors’ performance this earnings season.
Expansionary budgetary amendment for defense has always acted as a major catalyst for defense stocks’ gains. Notably, U.S. President Biden submitted his first budget request in detail to Congress on May 28, which included an investment option worth $715 billion for the Department of Defense (DoD). This marked a 1.6% increase from the prior year’s enacted amount of $703.7 billion.

Such enhanced budgetary provisions thereby raised the chance of increased order inflows for major defense primes from Pentagon and U.S. allies. This in turn must have boosted backlog of the defense contractors, which we expect to witness once all the major defense players reveal their Q2 numbers.

The commercial aerospace industry, which also forms part of the Aerospace sector, witnessed a gradual recovery in global air traffic that must have been a relief for companies like Boeing BA.
Another company likely to come up with an earnings beat this time around is Northrop Grumman NOC, which supplies a broad array of products and services to the U.S. Department of Defense (DoD) including electronic systems, information technology, aircraft, space technology and systems integration services. Its product line is well positioned in high priority categories, such as defense electronics, unmanned aircraft and missile defense.
https://www.yahoo.com/finance/news/4-defense-stocks-likely-surpass-120712170.html
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Go QHL !! QHL could benefit from bolstered budgetary amendments. Additional orders or new orders would be excellent news. !!