The following video is part of our "Motley Fool Conversations" series, in which, technology editor and analyst Andrew Tonner and industrials editor and analyst Brendan Byrnes discuss topics across the investing world.

In today's edition, they discuss how the White House and the Pentagon are near an agreement on a five-year defense budget that will keep spending flat from 2013-2017. Defense contractors are obviously very exposed to defense cuts. Which ones are the best bets for this beaten-down and uncertain sector?