The Russian invasion of Ukraine has increased the demand for defense stocks. These stocks have formed new bases above longer consolidations and are poised for growth. The U.S. has pledged military aid to Ukraine, and other allies are sending weapons systems built by Lockheed Martin and Raytheon. Long-term increases in military spending by European countries and other allies suggest that there is a major need for upgraded weapons systems.
Lockheed Martin Stock
Lockheed Martin is one of the best defense stocks to consider for trading today. The company has a long-term program and a foothold in emerging priorities for the U.S. and its allies, amid the Russian invasion of Ukraine.
Lockheed Martin makes the F-22 and F-35 fighter jets, which are key to countering Russia and China. Additionally, Lockheed has key hypersonic weapons in the works, which could provide a significant boost to revenue in the years to come.
Raytheon Technologies Stock
The best defense stocks boast long-term programs as well as footholds in emerging priorities for the U.S. and its allies, amid the Russian invasion of Ukraine. Raytheon Technologies stock is a prime example, with their Missiles & Defense business reporting 2021 sales of $15.54 billion.
This company also taps commercial aerospace and has earned a Comp Rating of 85 and an EPS score of 72. Their missiles are key to their defense business, making them one of the best defense stocks amid threats from Russia, China, North Korea, and Iran.
Other options
BAE Systems is a UK defense company engaged in developments in the field of weapons, information security, and aerospace. The company produces aircraft, tanks, ships, artillery, and other defense products. With a presence in the United States and strong partnerships with NATO allies, BAE Systems is well-positioned to support the needs of the U.S. military and its allies during this time of heightened tension with Russia.
Thales Group is an international industrial group that produces information systems for aerospace, military, and maritime applications. Headquartered in France, the company has a global reach with operations in 50 countries and more than 66,000 employees.
With tensions high between the U.S. and Russia, it is important to invest in defense stocks that have a strong global presence and long-term programs. BAE Systems and Thales Group are two such companies that can provide the stability and innovative solutions that investors are looking for.
What to look for in defense stocks
Now is the time to consider investing in defense stocks. The Russian invasion of Ukraine has increased demand for these stocks, as countries look to upgrade their weapons systems. Defense stocks are one of the best options to consider, with long-term programs and footholds in emerging priorities for the U.S. and its allies.
