Cybersecurity
Obama’s Defense Strategy May Benefit Northrop, Huntington
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Builders of naval vessels led by Huntington Ingalls Industries Inc. and makers of surveillance aircraft such as Northrop Grumman Corp. may benefit once President Barack Obama’s new military strategy is translated into dollars.
The strategy presented by Obama and military leaders at the Pentagon yesterday emphasizes “the Asia-Pacific and the Middle East,” Defense Secretary Leon Panetta said at a news conference. Specifics won’t come until Obama presents his budget proposal next month, the first step in an effort to cut Pentagon spending by almost $490 billion through 2021.