The defense industry is witnessing substantial growth due to the rise in the demand for modern weaponry and aircraft owing to the escalating geopolitical challenges worldwide and increasing investments in disruptive technologies.
Amid this backdrop, investors could consider buying fundamentally strong defense stocks such as Embraer S.A. (ERJ), Allegion plc (ALLE), BWX Technologies, Inc. (BWXT), and TransDigm Group Incorporated (TDG). Before exploring the fundamentals of these stocks, let’s first understand what’s shaping the defense industry’s prospects.
