Robust Results Expected From Defense Sector, But Outlook Uncertain -- Market Talk

Dow Jones
01-15

1218 GMT - Vertical Research Partners expects 4Q numbers from defense companies to have been robust, helped by improved U.S. outlays and continued export orders. However, the medium-term outlook is cloudy, it says. The defense spending and policy position of the new U.S. administration and what the Department of Government Efficiency's cost-cutting will do remain uncertain. "We think it is currently very hard for defense managements to convincingly forecast the domestic market beyond the next 12 months." There also continues to be execution issues in parts of the shipbuilding industry that are weighing on results. The export market remains the bright spot in defense, and Vertical expects that to again be a positive contributor to 2025 guidance. Vertical remains neutral on defense, with top pick BAE Systems. (alistair.macdonald@wsj.com)

 

(END) Dow Jones Newswires

January 15, 2025 07:18 ET (12:18 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10