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Pentagon Spends Merrily Through the Sequester

By Rich Smith – Apr 5, 2013 at 2:00PM

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The U.S. Defense Department awarded $23.2 billion in new contracts in March.

In the months leading up to the March 2013 "sequester," pundits predicted doom and gloom for the U.S. economy -- and for defense contractors in particular -- as $85 billion in government spending was removed from the economy. To hear them tell it, the revenue streams at Boeing (BA -1.08%) and Lockheed Martin (LMT -0.58%) would soon dry up as Pentagon spending evaporated.

Well, we're one full month into the sequester now, so... how are things working out?

Listen in, as Motley Fool contributor Rich Smith dives into the numbers on Pentagon spending in the month of March, and explains what the future really holds for defense contractors.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Lockheed Martin. 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.

Stocks Mentioned

Boeing Stock Quote
Boeing
BA
$176.50 (-1.08%) $-1.93
Lockheed Martin Stock Quote
Lockheed Martin
LMT
$481.20 (-0.58%) $-2.80

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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