
After an outstanding 2022, the Aerospace and Defense (A&D) industry’s growth is expected to remain steady, thanks to a surge in global defense budgets amid geopolitical tensions. Given the industry’s promising growth prospects, it seems wise to invest in fundamentally sound A&D stocks L3Harris Technologies, Inc. (LHX), Textron Inc. (TXT), and Ducommun Incorporated (DCO) now.
Before discussing these stocks, Let’s first delve into what is happening within the A&D industry.