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StockNews.com
StockNews.com
Business
Nidhi Agarwal

2 Defense Stocks Outperforming the Industry

WLFC CVU United States Defense Spending CPI Aerostructures Inc NATO Willis Lease Finance Corporation

The defense sector is expected to remain steady due to robust defense budgets amid geopolitical issues. So, I think it might be ideal to buy Willis Lease Finance Corporation (WLFC) and CPI Aerostructures, Inc. (CVU), considering their strong fundamentals.

The United States is ranked as the world’s leading defense manufacturer and exporter. The US military expenditure increased by almost 2.9% last year, reaching $801 billion from $778.23 billion the previous year. The United States remained the biggest military spender last year, representing 38% of global spending.

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