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?

Andrew Tonner and Brendan Byrnes do not own shares of the companies listed above. The Motley Fool owns shares of Lockheed Martin, General Dynamics, and Northrop Grumman. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.