Here is how AeroVironment (AVAV) and Huntington Ingalls (HII) have performed compared to their sector so far this year.
General Dynamics (GD) wins a modification contract for industrial base development and an expansion of submarines.
Defense stocks in general are poised to benefit a great deal from geopolitical tensions in the wake of the Russia-Ukraine War Raytheon (RTX) should get a big lift from its drone and anti-drone businesses Huntington Ingalls’ (HII) backlog reached a record and the company will benefit from greatly increased U.S. spending on its Columbia-class submarine. The Pentagon’s spending on Northrop Grumman’s (NOC) B-21 bomber is poised to radically surge. Source: Gorodenkoff / Shutterstock.com Two of the mo