About

My photo
Andrew T. Gillies is Director of Communications at the Center for Audit Quality, an affiliate of the American Institute of CPAs, in Washington, DC. Based in Washington since 2002, he has also worked in editorial and communications roles at the Investment Company Institute, the World Bank, Forbes, and Vault.com. His policy-themed writing has focused on aerospace and defense, energy and environment, transportation, and financial services.

Monday, February 05, 2007

Stock Focus: Defense Biz Overvalued?

WASHINGTON, D.C - With President Bush's fiscal year 2008 budget submitted this morning, our tally of proposed spending on defense and national security for fiscal 2007 through 2009 comes to $793 billion
You can decide whether that big number is reasonable or not. We will note, however, that stocks of the biggest aerospace and defense contractors do not look modestly priced. Full story at Forbes.com