![]() Epstein says investors are rightfully cautious when it comes to Boeing given the company’s long list of production problems with the 737 Max airliner, but Epstein says it appears the worst of the quality control issues have been addressed. The company produces military aircraft, space systems, missile defense systems, satellites, space vehicles and battle management systems for the U.S. Here are eight defense stocks to buy with big upside potential, according to Bank of America: Stockīoeing is one of the world’s two main suppliers of large commercial aircraft and is also one of the largest U.S. Defense stocks are attractive investments during periods of economic uncertainty because companies often profit from predictable, long-term government contracts. Department of Defense discretionary spending will surpass the $1 trillion mark by fiscal 2026, creating big opportunities for defense companies. Bank of America analyst Ronald Epstein expects U.S. defense spending, up 3.3% from 2023 levels. Getting down to dollars and cents, the fiscal 2024 National Defense Authorization Act calls for $886.3 billion in U.S. Defense analyst Ian Bremmer of the Eurasia Group told CNBC that he predicts the war to continue for months, and possibly even years. The conflict has already pulled in neighboring countries and security is heightened in the region. More than 550 Palestinians have been killed, according to Gaza’s health ministry as of midday Monday. Israel declared war against Hamas the next day and initiated a “complete siege” of Gaza. 7 killed more than 700 Israelis, according to reports as of midday Monday. Aside from the increasingly strained relations between China and Taiwan, tensions in the Middle East also erupted into war between Israel and Hamas after surprise attacks by Hamas on Saturday, Oct. ![]() ![]() and its allies is set to rise further in the coming years.īut the Ukraine-Russia war is far from the only geopolitical flashpoint threatening to heighten defense spending. The paradigm for investing in defense stocks changed in a dramatic way when Russia invaded Ukraine in February 2022, and defense spending among the U.S. Business & Finance Click to expand menu. ![]()
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