Potential Military Contracts Worth Over $20 billion Become a Key Driver for Armor, and Armored Vehicle Stocks such as Armor Holdings, Force Protection, and Oshkosh Trucks
Released on = July 8, 2007, 1:11 pm
Press Release Author = InvestorIdeas.com
Industry = Defense
Press Release Summary = HomelandDefenseStocks.com Speaks with Scott Sacknoff, Manager of SPADE Defense Index (AMEX: DXS) on the Performance of Defense & Security Stocks for 2007 and Expectations for the Second Half of the Year
Press Release Body = POINT ROBERTS, Wash., DELTA, B.C. - July 6, 2007 - www.HomelandDefenseStocks.com, the leading global investor and industry portal for the homeland defense and security sector, presents an update on homeland defense and security stocks in an audio interview with Scott Sacknoff, Manager of the SPADEŽ Defense Index (AMEX: DXS). In this month's audio discussion Mr. Sacknoff updates us on how defense and security stocks have done over the first six months of the year, which stocks and segments have performed the best and what analysts expect to see in the second half of the year.
According to Sacknoff, armor and armored vehicle companies such as Armor Holdings, Force Protection, and Oshkosh Trucks have performed well on news that the Pentagon has cleared the U.S. Army to rush orders for Mine Resistant Ambush Protection Vehicles to help protect troops in Iraq. Homeland security stocks such as TASER, L1 Identity, and OSI Systems have also rebounded from sub-par performance last year to be among the sector's leading gainers.
In terms of expectations for the second half of 2007, Mr. Sacknoff expects a strong finish. "Over the last several years, the third quarter that includes September, has historically been strong as the government awards a large number of contracts spending fiscal year-end monies. The passage of the DoD supplemental spending bill will also enable DoD to re-allocate resources toward R&D projects whose funding shifted to pay for the war in Iraq."
He adds, "The fourth quarter also tends to be a strong period but can vary due to a number of market-related factors such as end-of-year profit taking to early betting on how strong one believes the FY09 defense budget proposal will be when it is announced in late January / early February." To Listen to the Online Audio Interview in Full Click Here: http://homelanddefensestocks.com/Content_Partners/SI/news/July07.asp For additional Investor Resources listen to the InvestorIdeas.comŽ Podcast: www.investorideas.com/podcasts/iipodcast.xml www.HomelandDefenseStocks.com, www.BorderandPortSecurity.com, and www.NationalHomelandSecurityKnowledgebase.com, portals within the InvestorIdeas.com content umbrella, do not make recommendations but offer investors research, news, blogs, RSS Feeds, online conferences, interviews and links to public companies within the homeland security and defense sector.
The site also features a growing directory of Homeland Security and Defense Stocks for independent investor research at: www.homelanddefensestocks.com/Companies/HomelandDefense/Stock_List.asp
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Dawn Van Zant 800.665.0411 Email: dvanzant@HomelandDefenseStocks.com
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