Major U.S. weapon makers watched their shares tick upward in trading Monday after the announcement of the
Largely untouched by the budget plan is the F-35 Joint Strike Fighter made by
Lockheed shares, which hit an all-time high at one point during trading, closed up $1.81, or 1.1%, at $166.14.
The radar-evading F-35 is assembled in Fort Worth, but many of its parts come from Southern California.
At the same facility, Northrop puts together the high-flying, long-endurance RQ-4 Global Hawk drone now set to replace the U-2 spy plane.
Northrop, which has about 2,500 employees on the program in Southern California, won out on the Pentagon's fiscal 2015 plan because it reversed 2014's proposal to mothball a version of the Global Hawk in favor of keeping the U-2 flying.
Northrop saw its stock go up $1.65, or 1.4%, to $122.12.
Hagel also stressed the importance of the new refueling tanker being built by
Boeing's shares rose $1.31, or 1%, to $129.59.
Hagel said the Navy would have no new contract negotiations beyond 32 Littoral Combat Ships, which are being built by Lockheed and
But 11 ships -- half of the Navy's cruiser fleet -- would be modernized with more capabilities. That may mean work for General Dynamics. The company's stock rose $1.31, or 1.2%, to $108.76.
The shares of another big shipbuilder,