When War Becomes Business (As Usual?)

Lockheed Martin, Boeing, KBR and others have quietly been building some solid gains in the past several months. Power Shares Aerospace & Defense, an ETF covering much of the industry has built up a head of steam since March.

Although equities have been rising in general, the defense sector has been outperforming the competition.

Headlines like North Korea Torpedoed South's Navy Ship: Report and heightened saber rattling in the middle east are cause for concern.