Military contracts to publicly traded defense companies have multiplied in recent weeks. This could be significant to investors, who will also note the Washington Post report that Hegseth ordered a gathering, at short notice, of most of the U.S. military’s top commanders. At the meeting, which will take place in Virginia on Tuesday, he plans to impart information about military standards and his ethos of war.
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While U.S. military strategy is largely kept secret, we do know that the U.S. intends to focus on homeland security, and that might be linked to an apparent stockpiling of weapons. Here is a list of some recently inked agreements:
Northrop Grumman (NOC): Awarded a $972M Air Force contract two weeks ago.
Boeing (BA): Awarded a $125.58M Army contract modification last week.
Lockheed Martin (LMT): Awarded a $10.33B Navy contract modification last week. Additionally, awarded a $610M Navy contract modification last week.
General Dynamics (GD): One of its business units, GDIT, was awarded a $1.5B contract to strengthen U.S. STRATCOM last week. Additionally, it was awarded a $642.31M Navy contract modification last week.
L3Harris Technologies (LHX): Received, for its Javelin Joint Venture (together with LMT), a multi-year contract from the Army with a total value of $1.3 billion, last month.
RTX (RTX): Awarded a $160.92M Navy contract modification last week.
HII (HII): Awarded a $160.09M Navy contract modification, two weeks ago.
Which Defense Stock Is Best?
According to TipRanks’ Comparison Chart, Boeing and L3Harris Technologies are both Strong Buys, according to analyst consensus. Of those, Boeing has more upside, at 17.84%.
