Back to the Enlightened American Website
	Surveying the Defense Industry:
	Disclaimer: This page lists the results of a stock screen for informational purposes only.  This does not constitute an endorsement and/or solicitation for the reader to invest in these stocks. Please consult a qualified financial advisor to determine if these securities are suitable for your situation. All numbers provided by Gridstone Research, Reuters and Yahoo Finance and are not guaranteed to be accurate. Readers are advised to double-check the numbers for themselves.
4/8/2009									over a six year period
TICKER	COMPANY	Current Price	52 week range	Market Cap	Yield	Payout Ratio	PEG	P/B	AVG ROIC	AVG ROE	Debt ($M)	EBITDA ($M)	Debt to EBITDA	Backlog ($M)	Business Description
GD	General Dynamics Corp (GD.N)	$44.00	35.28 - 95.13	16,813.28M	1.52(3.45) Date:6Apr2009	22%	0.85	1.7	16%	22%	$4,020	$4,100	0.98	$74,127	General Dynamics Corporation (General Dynamics) offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; shipbuilding design and construction, and information systems, technologies and services. The Company focuses on delivering products and...
BA	Boeing Co (BA.N)	$36.87	29.05 - 88.29	26,605.57M	1.68(4.56) Date:3Feb2009	44%	0.86	N/A	14%	36%	$7,510	$5,200	1.44	$323,860	The Boeing Company (Boeing) is involved in the design, development, manufacture, sale and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services. The Company operates in five principal segments: Commercial Airplanes,...
LMT	Lockheed Martin Corp (LMT.N)	$72.70	57.41 - 120.30	29,086.65M	2.28(3.14) Date:25Feb2009	31%	0.87	10.1	22%	33%	$3,810	$5,580	0.68	$80,914	Lockheed Martin Corporation is a global security company that is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems and products. The Company provides a range of management, engineering, technical, scientific, logistic...
RTN	Raytheon Co (RTN.N)	$41.76	33.20 - 67.37	16,356.86M	1.24(2.97) Date:2Apr2009	28%	0.74	1.8	10%	12%	$2,310	$2,910	0.79	$38,884	Raytheon Company designs, develops, manufactures, integrates, supports and provides a range of products, services and solutions for principally governmental customers in the United States and worldwide. The Company operates in six business segments: Integrated Defense Systems (IDS), Intelligence and...
NOC	Northrop Grumman Corp (NOC.N)	$45.06	33.81 - 78.41	14,997.95M	1.60(3.55) Date:25Feb2009	N/A	0.74	1.3	8%	6%	$3,940	$3,710	1.06	$78,052	Northrop Grumman Corporation (Northrop Grumman) is an integrated enterprise consisting of businesses that cover the entire defense spectrum, from undersea to outer space and into cyberspace. The Company is aligned into seven segments categorized into four primary businesses. The Mission Systems,...
CAI	CACI International Inc (CAI.N)	$34.79	33.96 - 53.95	1,044.53M	-- Date:--	N/A	0.94	1.1	10%	13%	$639	$225	2.84	$7,000	CACI International Inc (CACI), along with its wholly owned subsidiaries and joint ventures, is an international information systems, high technology services, and professional services company. The Company delivers professional services and information technology solutions, to its clients, primarily...
			Intrinsic value estimated by averaging various FCF scenarios over a 6-year period.
TICKER	COMPANY	Current Price	intrinsic value (IV)	margin of safety	6-yr annual avg FCF ($M)	IV per share	ttm FCF	IV per share	high year FCF	IV per share	low year FCF	IV per share	arbitrary FCF	IV per share
GD	General Dynamics Corp (GD.N)	$44.00	$60.36	27.1%	1996	$  78.90	2620	$103.55	2654	$ 104.90	1535	$   60.67	1000	$   39.52
BA	Boeing Co (BA.N)	$36.87	$60.36	38.9%	3663	$  76.68	(2075)	($43.43)	7912	$ 165.61	(2041)	($42.72)	2000	$   41.86
LMT	Lockheed Martin Corp (LMT.N)	$72.70	$85.37	14.8%	2545	$  94.86	3495	$130.27	3495	$ 130.27	1122	$   41.82	2000	$   74.54
RTN	Raytheon Co (RTN.N)	$41.76	$55.56	24.8%	1694	$  61.01	1637	$  58.96	2375	$   85.53	808	$   29.10	1200	$   43.22
NOC	Northrop Grumman Corp (NOC.N)	$45.06	$59.18	23.9%	1499	$  68.36	2530	$115.41	2530	$ 115.41	161	$     7.34	1000	$   45.62
CAI	CACI International Inc (CAI.N)	$34.79	$56.25	38.1%	108	$  54.03	148	$  73.58	160	$   79.84	63	$   31.40	85	$   42.38
	Back to the Enlightened American Website