My Top Defense Stock to Buy Right Now
Although I wish it weren't the case, few countries can avoid having a military presence -- which means that defense stocks will always have a ready list of customers. There are a host of notable players in the space, but right now I'd stick with the biggest and best companies. That's a short list, but one name stands out to me: Lockheed Martin (NYSE: LMT). Here's why.
With a market capitalization of roughly $100 billion, Lockheed Martin is a huge company. It isn't exactly the largest player in the space, with Raytheon Technologies, which has a large nondefense aerospace business, boasting a market cap of $130 billion or so. But most of Lockheed's closest defense competitors (Northrop Grumman and General Dynamics) are much smaller. All in all, Lockheed Martin is more of a pure play and is the dominant defense-focused name.
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Source Fool.com
