”The threat of global nuclear war is rising.” That was the headline quote out of Russia today. Whether that remains a bluff or not, there’s no denying that the geopolitical landscape is fraught with danger. That’s not good news for the world, but it has been great news for our newest Best Industrial Stocks List pick. The firm has been protecting the world for decades, which has given it newly minted Dividend Aristocrat status, having raised its dividend for 25 years straight!
Our pick is one of the largest defense contractors out there. With aerospace, missile systems and shipbuilding under its umbrella, our selection remains a top choice for Uncle Sam and his NATO allies to beef up their defense systems during times of geopolitical crises. And as defense budgets have grown, so has our pick’s profits.
At the same time, our pick has an ace up its sleeve that many of its rivals do not – exposure to the private sector. This includes both the private jet market as well as space tourism. Demand for its jets and equipment for space has continued to grow as well, adding a nice boost to its bottom line.
The end all be all is that our pick has plenty of stability from its government client as well as growth opportunities in the private sector.
In addition to our aerospace stock, we’ve increased positions in a rival defense contractor, a shipbuilder, a logistics stock and a railroad player. We’ve also removed an HVAC specialist from the list.
You can check out the Best Industrial Dividend Stocks List to explore all the stocks.
