In the United States, military spending is considered the second-largest allocation in the federal budget after social security. Also, the rise of ongoing political tensions with China and Russia and planned procurements of advanced military equipment to replace the aging equipment currently in service are expected to accelerate the defense market's growth.
Therefore, I think quality defense stocks TransDigm Group Incorporated (TDG), Ducommun Incorporated (DCO), and Astronics Corporation (ATRO) might be ideal buys to capitalize on the industry tailwinds.
