Using detailed slides, Hedgeye Senior Defense Advisor, LtGen "Emo" Gardner gave a 45 minute analysis of the Pentagon's proposed budget of $686B for FY 2019.
In the first of a series of analyses of the front end of the future of defense companies's earnings, LtGen Gardner's presentation covered three main themes:
- The Long Term Challenges of the Defense Department Are Real
- Skyhigh Expectations for $ Have Been Met in 2018 and 2019 (includes market and company segmentation discussion)
- FY 2020 Will Be Another Inflection Year For Topline and Programs
Watch for future calls on individual sectors to include aviation and shipbuilding
SLIDES: CLICK HERE
AUDIO REPLAY: CLICK HERE
https://s3.amazonaws.com/docs.hedgeye.com/HE_FY19_DOD_Budget_FEB2019.pdf
For follow up calls or questions for LtGen Gardner or other info: