SOURCE: The Bedford Report

The Bedford Report

October 20, 2010 11:35 ET

Profits Squeezed in Aerospace & Defense Industry

The Bedford Report Provides Analyst Research on Lockheed Martin & DigitalGlobe

NEW YORK, NY--(Marketwire - October 20, 2010) -  It is expected that in future years that the US government will be looking for ways to cut budget costs in order to address the ballooning federal budget deficit. The Defense budget will certainly come into question as a US withdrawal from Iraq and an eventual withdrawal from Afghanistan appear likely to reduce military spending. On the other side of the Atlantic, British Prime Minister David Cameron recently announced that the U.K.'s defense budget would be cut by 8% in inflation-adjusted terms over the next four years. The Bedford Report examines the outlook for companies in the Aerospace & Defense Industry and provides research reports on Lockheed Martin Corporation (NYSE: LMT) and DigitalGlobe, inc. (NYSE: DGI). Access to the full company reports can be found at:

The Pentagon expects that defense spending in the next year will increase by 1 percent after accounting for inflation, in spite of record deficits and calls from Congress to cut the budget. Defense Secretary Robert Gibbs has outlined a plan to increase spending directly on US forces by 2 to 3 percent by cutting $100 billion from the overhead accounts over the next four years. Companies in the Aerospace & Defense Industry stand to directly benefit from these plans.

The Bedford Report releases regular market updates on the Aerospace & Defense Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us for free at and get exclusive access to our numerous analyst reports and industry newsletters.

When Lockheed Martin reported earnings yesterday, the defense giant's CFO, Bruce tanner, conceded that "From a budget and austerity perspective, the customer decided to make do with what they have." Lockheed Martin cut its continuing-operations profit forecast to a range of $6.75 to $6.95 a share, from the previous range of $7.15 to $7.35 a share on Tuesday. 

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