RTX - Jim Cramer Advocates For Investment In Lockheed Martin Raytheon And Other Defense Stocks Amid US Arms Stockpile Rebuilding | Benzinga
Jim Cramer, a renowned CNBC host, suggests investing in defense stocks as the U.S. intends to reestablish its arsenal capacity.
According to a report on CNBC, Cramer argues that defense companies present worthy investment opportunities as the U.S. depletes its arsenals to assist allies Israel and Ukraine. He highlighted this during an interview with Greg Hayes, CEO of Raytheon Technologies Corporation (NYSE:RTX).
Hayes pointed out that the U.S.’s primary concentration on fighting terrorism in the past two decades has limited its capacity to supply land wars in both Ukraine and the Middle East. Cramer concurred, adding that the U.S.’s insufficient land war-making capacity weakens its arsenal of democracy.
He anticipates that either the White House or Congress will alter how defense budgets are managed, making the large defense contractors investable. Cramer listed several major defense contractors set to profit from a Pentagon push. These include Lockheed Martin Corporation (NYSE: