There are very few sectors in the economy that members of government can agree upon. But defense happens to be one of them. With bipartisan defense budgets across the globe surging, our latest Best Dividend Protection Stocks Model Portfolio pick’s backlog continues to surge as well, approaching over $150 billion in contract wins! This provides plenty of investor protection and dividend strength.
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Our pick has gotten many contract wins as one of the largest aerospace & defense contractors in the world. With numerous divisions covering weapons systems, radar, helicopters and planes, our pick continues to be the go-to supplier for Uncle Sam and his NATO buddies.
But there’s plenty of growth to be had as well. Artificial intelligence (A.I.), the connected battlefield, cyber security and a host of high-tech products are now driving the show for the firm. Meanwhile, new contract wins in space and celestial travel have only boosted revenues further.
The combination of its high backlog, current sales and high margins has continued to drive our pick’s cash flow and dividend strength, making it an ideal choice for conservative dividend seekers.
