Here is a small list of what is working in the war theme:

General Dynamics (GD)
Lockheed Martin (LMT)
United Technologies (UTX)
Boeing (BA)
Rockwell Collns (COL)
Loral (LOR)
Precision Castparts (PCP)
Curtiss-Wright (CW)

I have been long a few war stocks for a while and should own them all. These are strong trends that may lend the most insight into the current war in Iraq.

PS – Why is this sector called “Defense”. I prefer “Offense” or “Death and Destruction” sector – thoughts?