Secretary of Defense Pete Hegseth plans to request that Congress approve $200 billion to fund the war against Iran, on top of the Pentagon's roughly $1 trillion budget for the current fiscal year. Both Axon (AXON) and L3Harris (LHX) are well-positioned to benefit from this extraordinary defense spending, and both names have other compelling, positive catalysts. Also importantly, AXON and LHX are two top-rated defense stocks, according to Barchart.
Given all of these points, Axon and L3Harris are worth buying at this point.
