Gates Request $45 Billion Additional Funding To Cover Military Costs - Defense Stocks Hit New Highs

Gates Request $45 Billion Additional Funding To Cover Military Costs In Iraq And Afghanistan In 2008 - Defense Stocks Hit New Highs

CNNMoney.com brings us this report this afternoon and it starts off like this... Defense stocks on Wednesday hit new highs ahead of Defense Secretary Robert Gates' visit to Capitol Hill to request roughly $45 billion in additional funding to cover military costs in Iraq and Afghanistan in 2008... The AMEX Defense Index, which tracks 14 major defense company stocks, rose 14.25 to a high of 1,686.72 in afternoon trading. Since last year, the index has risen roughly 47 percent, outperforming the broader S&P 500 index, which has climbed nearly 15 percent over the same period...
Read story in full HERE

>>> CNNPolitics.com has this report...
Gates to ask Congress for nearly $190 billion war funding

>>> USNEWS.com reports this...
Gates Seeks $50 Billion More for War