Aerospace and defense stocks have attracted increased investor interest following a surprise attack by the Hamas militant group on Israeli villages and communities on October 7. In response, Israel declared war, initiating a multi-day aerial bombardment campaign and planning a ground assault while evacuating northern Gaza.
Given a new war and the industry’s growing prominence with countries worldwide increasing their defense budgets and consistent technological advancements, fundamentally sound stocks Sturm, Ruger & Company, Inc. (RGR), Cadre Holdings, Inc. (CDRE) and Brady Corporation (BRC) could be ideal additions to your portfolio for stable returns.
