GD - 3 Top Defense Stocks to Buy in January
Intensifying geopolitical relations in addition to a pro-military administration have been good news for the defense sector -- raising the Spade Defense Index 37% in 2019. Government spending for federal contractors in fiscal 2019 was $1.4 trillion, awarding several defense contractors substantial contracts.
Owning defense stocks ahead of elections is risky. However, the three companies below are well-established contractors, each paying a strong and growing dividend while offering diversified revenue streams.
Here's why Lockheed Martin (NYSE: LMT), Raytheon (NYSE: RTN), and General Dynamics (NYSE: GD) are the top defense stocks to buy in January.