U.S. military spending under the fiscal 2027 National Defense Authorization Act grew to a record $1.15 trillion. Considering the ongoing conflicts in the Middle East, the war between Russia and Ukraine, and heightened tensions between the U.S. and China, global military spending is unlikely to slow down anytime soon.

Investors typically consider defense stocks to be safe, reliable and recession-resistant investments. Many of these companies are locked into long-term government contracts that make their revenue and earnings outlooks stable and predictable. Here are seven of the best defense stocks to buy now, according to Morgan Stanley: