The defense industry is fuelled by technological advancement in the air defense systems and rising geopolitical instabilities. Given the industry’s steady growth prospects, investors could consider quality defense stocks CACI International Inc (CACI), OSI Systems, Inc. (OSIS), and Textron Inc. (TXT) for October.
The rising defense expenditure in various developed and emerging countries for developing various missile and air defense systems, rising geopolitical instabilities, and the changing nature of warfare are the prominent factors expected to boost the growth of the global air defense system market.
