My Top Defense Stock to Buy Right Now
The United States spent $725 billion on national defense in 2020; the U.S. government is big business. While investors can't buy "shares" of the U.S. government, there are ways to gain exposure to the massive dollars the U.S. spends year in and year out.
Aerospace and defense company Lockheed Martin (NYSE: LMT) sells billions of dollars of products and services to the U.S. government each year, which accounts for 75% of the company's revenue. Here is why long-term investors should consider adding Lockheed Martin to their stock arsenal.
Lockheed Martin's roots go back to the early 1900s when its founder Glenn Martin began working with and selling airplanes to the U.S. Army. Today, Lockheed Martin continues to have deep ties with the U.S. government, making and selling aircraft, weapons systems, satellites, and more.
Source Fool.com
