Editor's note: As part of our partnership with PBS's Nightly Business Report, TheStreet's Debra Borchardt joined NBR (watch video and read transcript here) to look at national defense stocks in the wake of Osama Bin Laden's death, and which ones are positioned to succeed despite potential budget cuts.
NEW YORK (TheStreet -- Wall Street is still processing whether the death of Osama Bin Laden is a positive or negative event for the defense sector.On the one hand, Bin Laden's removal could be presented as an argument for a reduced military presence as the news is a undoubtedly a big blow to al Qaeda. But all the rhetoric from the White House has been that the war on terrorism is not over, and that it's expected others will step up to take the place of the organization's iconic leader. Prior to this news, however, defense spending was already on the chopping block as the federal government struggles under its massive deficit. The move of current Central Intelligence Agency Director Leon Panetta to Defense Secretary is seen as more evidence of that plan. Panetta spent four years as chairman of the House's Budget Committee and his congressional record has proven his willingness to when it comes to making defense spending cuts.