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Business
Nidhi Agarwal

3 Defense Stocks Worth Considering for a Profitable 2024

OSIS HII BRC United States AirDefense Services Huntington Ingalls Industries Inc Missile US Coast Guard US Navy

The Israel-Hamas war has led to a surge in global defense budgets amid geopolitical instabilities and warfare complexity. 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 OSI Systems, Inc. (OSIS), Brady Corporation (BRC), and Huntington Ingalls Industries, Inc. (HII) for profitable 2024.

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