3 Defense Stocks You Can Buy and Hold for the Next Decade

There are a lot of things that come to mind when you hear the term "defense stocks," but rarely do you hear "defense stocks" and "market-beating returns" in the same sentence. Defense, as an industry, tends to be a slow and steadily growing business that can wax and wane with congressional purse strings.

Sure, you can find lots of defense businesses that will generate positive returns over long holding periods. Market-beating returns, though? Those opportunities are harder to come by in this sector. If you are looking for the reliability of having the U.S. government as a business' largest customer while also having a shot of beating the market over the next decade, then here's why you might want to consider Lockheed Martin (NYSE: LMT), CACI International (NYSE: CACI), and Booz Allen Hamilton (NYSE: BAH). 

Lockheed F-35 fighters. Image source: Getty Images.

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Source Fool.com