The demand for aerospace and defense products is seeing an unwavering surge owing to the recent geopolitical drifts with Russia’s invasion of Ukraine and conflicts between Israel and Hamas. Also, the growing upgrade activities and adoption of digital technologies are propelling the market’s development.
Given the industry’s robust outlook, it could be wise to invest in fundamentally strong air/defense stocks Northrop Grumman Corporation (NOC), General Dynamics Corporation (GD), and Lockheed Martin Corporation (LMT) with solid backlogs.
