Takeaway: Included are links to the audio replay of and slides for LtGen Gardner's overview analysis of the Pentagon FY19 budget submission.

AUDIO REPLAY/SLIDES:  GOOD START BUT JUST A START: WE ANALYZE DOD'S FY19 BUDGET REQUEST - Defense spending NEW

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: