3 Top Defence Stocks for 2024
The escalation of current wars and the surge in defence budgets have led to increased arms purchases, boosting revenue and profits for weapons systems manufacturers. As such, global military spending reached a record US$2.4 trillion in 2023, marking a 7% increase from the previous year—the steepest year-over-year uptick since 2009.
As leading suppliers in the arms industry, aerospace and defence firms are strategically positioned to capitalize on the growing tensions and outright warfare worldwide. The heightened demand for defence products and technology presents lucrative opportunities for the following companies.
A diversified aerospace and defence heavyweight, RTX supplies to commercial aerospace manufacturers and to the…
