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Defense Stocks Holding Steady On Weekly List.(THE IBD 100)(INSIDE THE IBD 100)

Investor's Business Daily

| August 02, 2004 | COPYRIGHT 2004 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: NANCY GONDO

Aerospace and defense stocks tend to do well during wars or prospects of war. This time around, although the Iraq War ended in the spring of 2003, defense-related names are still making the IBD 100 list.

The defense index was the leading sector in Friday's edition (page B4), with an 8.7% gain this year. Industry group action showed a similar uptrend. The Electronics-Military Systems group ranked No. 19, up from No. 67 three months ago. Aerospace/Defense Equipment stocks rose to No. 32 from No. 82.

Flir Systems, a member of the Military Systems group, held steady at No. 5 this week. The maker of thermal imaging and infrared camera systems reached a new closing high July 30. It stepped up sales and profit growth the past three quarters. The U.S. government accounted for 26% of sales last year.

Last month, Flir got a $7.4 million order for infrared imaging cameras from Northrop Grumman targeting pods to be used on U.S. Air Force aircraft. In June, the ...

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