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 (NYSE:BA) and Lockheed Martin (NYSE:LMT) 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.