VTSI - Defense spending and defense stocks: Why they don't always reflect each other
2024-04-16 07:31:27 ET
The phrase "the best defense is a good offense" is alive and well as countries continue to boost military spending to record levels. Ahead of the pack is the U.S., which has allocated $825B in defense expenditures for FY 2024. That's an amount equivalent to the military expenses of the next 10 countries combined, and if factoring in non-discretionary spending on defense, such as veterans benefits, that number would already be well north of $1T on an annual basis....
Defense spending and defense stocks: Why they don't always reflect each other