The conflict between Russia and Ukraine has firmly put the spotlight back on military spending. For firms in the sector – including our most recent Best Dividend Protection Stocks Model Portfolio pick – these could, once again, be halcyon days.
Our pick is one of the largest defense contractors in the market, featuring a portfolio of various aerospace and weapons programs, including many that Uncle Sam and foreign governments want in their arsenal. This is evident by the firm’s massive $60+ billion in revenues recorded in 2021, which is about $3 billion more than the previous year’s valuation.
Operating in the bipartisan sector, our pick is expected to gain the lion’s share of increased spending. Watch for when the stock goes ex-dividend on Tuesday, June 10 (estimated).
In order to make room for this defense stock pick and another technology stock, we had to remove an industrial stock as well as a HR consultant from our list this week.
You can check out the Best Dividend Protection Stocks Model Portfolio to explore all the stocks.
