Yet, after images of tsunami, missile attacks and desert combat fade, the stock market continues on its way.

FORBES: Portfolio Advice: Step Away from the Headlines

Ironically, there are rumors of flagging Navy support in recent budget deliberations for a program that could effectively provide U.S. carrier battle groups with several means for mitigating these missile threats: the Navy Unmanned Combat Air System (N-UCAS).

CENTERFORSECURITYPOLICY: Where are the carriers?

That is the site in Moorestown, New Jersey where the Navy tests the radars for its Aegis combat system, the most capable air- and missile-defense system in the world.

FORBES: Road From D.C. To Cape Cod Reveals Reach Of Defense Industry

So he curbed or cancelled more than 30 weapons systems including the army's Future Combat System, the F-22 Stealth fighter, two missile defence systems and the Zumwalt-class destroyer.

ECONOMIST: American military spending

For the JAGM contract, Lockheed provides a 27-month technology development program that includes design, test and demonstration of joint air-to-ground missile system that significantly enhances warfighters operational flexibility and combat effectiveness.

FORBES: Lockheed's Flurry Of New Contracts Provides Short Term Support

Its space and communications division, based in Seal Beach, California, is the lead contractor working on America's national missile-defence system, as well as the provider of the future combat system that is part of the integrated battlespace system for the army.

ECONOMIST: America's defence companies are turning dual-purpose

All the legal constraints that had prevented use of sea-based systems in missile defense schemes disappeared, and engineers could begin thinking about exploiting the full operational potential of the Aegis combat system.

FORBES: Missile Defense Becomes A Navy Mission