By John Mylant: With the budget cuts that began March 1, I would think stocks that are most dependent upon government contracts would be affected the most. Should investors be concerned? Some of the more well-known "weapons makers" said that the US budget cuts will not hurt their profits. I know General Dynamics Corp. (GD) said it would not change its full-year outlook and Lockheed Martin Corp.
Lockheed Martin Corp (LMT.N) released data on Wednesday for Sikorsky Aircraft that showed the company it acquired from United Technologies Corp (UTX.N) for $9 billion in November generated a net profit in the first three quarters of 2015. Lockheed told the U.S. Securities and Exchange Commission in an amended filing that if Sikorsky had been a stand-alone company, it would have posted a net profit of $52 million in the first nine months of 2015 despite a 19 percent drop in revenues to $4.35 billion.