Government Stocks Rise

Government Stocks Rise

While the overall stock market plummeted Sept. 17 when trading reopened following the attacks in New York and Washington, several defense and IT companies saw their share price rise between 9 percent and 26 percent.

Among those getting a boost were CACI International Inc., Dynamics Research Corp., General Dynamics Corp., Lockheed Martin Corp., Northrop Grumman Corp., Raytheon Co. and Titan Corp.

"People are looking for safe havens," said Thomas Meagher, vice president of equity research for BB&T Capital Markets of Richmond, Va. "If you are looking for a place to protect your money, this is a good place to do it."

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