TDG - End Of The Peace Dividend? Stocks That Could Benefit From Higher Defense Spending In 2024 | Benzinga
Boeing Co (NYSE:BA) shares have looked to be in terminal decline in recent sessions after its 737 Max 9 Alaska Airlines jet blew out a door panel in mid-flight over a week ago. But the possibility of higher defense spending in 2024 could come to its rescue.
Boeing’s list of military hardware is impressive and used throughout the world. It includes the Apache attack helicopter, the Chinook carrier and the B-52 bomber among its well-known brands, and various autonomous systems and missile strike hardware among its lesser-known capabilities.
These could all be on the shopping lists of Western nations in the coming months as tensions heat up in the Middle East and Red Sea areas. Not to mention, the near two-year-old conflict between Russia and Ukraine.
U.K. Minister Calls For Increased Defense Spending
In a speech at Lancaster House on Monday, U.K. Defence Secretary Grant Shapps declared the post-Cold War “peace dividend” over.
“Now is the time for all allied and democratic nations across the world to ensure their defense ...