The Defense Contractors Are All the Performers in 2023

The defense contractors have been all the performers in 2023. Lockheed Martin posted a huge bottom line beat a month ago with a much higher than expected backlog. Raytheon delivered a really impressive set of numbers three weeks ago and Northrop Grumman did just fine, even raised it for your earnings forecast. Nobody's selling the defense stocks in response to bad results. Because the results, they've been excellent.