The air defense industry is benefitting from rising geopolitical tensions, such as conflicts involving Israel-Hamas and Russia-Ukraine. As a result, the US Congress approved a $886 billion defense budget for 2024, which signals significant opportunities for the US defense industry.
Given the industry’s steady growth prospects, investors could consider quality defense stocks with bullish momentum, Embraer S.A. (ERJ), CPI Aerostructures, Inc. (CVU), and BAE Systems plc (BAESY).
