The defense industry is among the largest industries due to the intensity of its infrastructure and manufacturing activities and the recent international conflicts and other geopolitical rivalries across the world have rapidly fueled the market demand.
Given the industry’s rosy prospects, it could be wise to buy fundamentally strong defense stocks Northrop Grumman Corporation (NOC), General Dynamics Corporation (GD), and Lockheed Martin Corporation (LMT) amid rising geopolitical concerns.
