Better Defense Stock: Lockheed Martin vs. Rheinmetall
According to the United Nations, collective global military spending grew to $2.7 trillion in 2024, and some estimates have that figure nearing $3 trillion by the end of the decade.
American military spending alone is far and away the largest in the world at just shy of $1 trillion for the 2026 budget. However, further growth is on the table as President Trump has expressed a desire to hit $1.5 trillion in defense spending in 2027.
So, it follows that defense contractors like Lockheed Martin (NYSE: LMT) would be a good way to play the global defense spending boom.
Source Fool.com
