Obama, McCain bad for Lockheed, Boeing prospects?

Goldman Sachs says

» READ MORE: Barack Obama

would be ``a negative for defense stocks'' if he's elected in November, while

» READ MORE: Boeing Co.

,

» READ MORE: Lockheed Martin Corp.

and other

» READ MORE: military contractors

may not fare any better under

» READ MORE: John McCain

, Bloomberg News reports. Story

» READ MORE: here

.

The candidates are both skeptical about Lockheed Martin's

» READ MORE: F-22 fighter

and the Army's $159 billion

» READ MORE: Future Combat Systems

, a modernization plan jointly managed by Boeing and

» READ MORE: SAIC Inc.

Lockheed and Boeing are major Philadelphia-area employers, though most of those weapons systems are being developed elsewhere.

``When you get beyond the issue of the war in Iraq, Senator McCain and Senator Obama sound remarkably similar on many defense issues,''

» READ MORE: Loren Thompson

, a defense analyst at the Lexington Institute in Arlington, Virginia, tells Bloomberg. Both oppose big Cold War-type weapon systems and favor small-conflict support programs like the

» READ MORE: Littoral Combat Ship

for Marine landings.