LEVEL 3 COMMUNICATIONS (LVLT) 1.21 -$0.02 (-1.63%) 01:06AM (15 mins delay)

Are Defense Stocks Recession-Proof?

Oct 06, 2009 - 4:12 PM EDT

David Hunkar submits:

Some investors consider defense stocks to be good investments during any market condition. But are defense stocks really recession proof? A recent article titled A nation that merely wants peace in the New York Times says that:

“Despite a recession that knocked down global arms sales last year, the United States expanded its role as the world’s leading weapons supplier . . . The United States signed weapons agreements valued at $37.8 billion in 2008, or 68.4 percent of all business in the global arms bazaar, up significantly from American sales of $25.4 billion the year before.

Complete Story »

Source: Seeking Alpha (Oct 06, 2009 - 4:12 PM EDT)