The defense sector is usually a solid choice for investors. That's because defense is one of the line items in the national budget that rarely gets cut. This presentation will identify seven stocks in the defense sector that present investors with a good opportunity to profit from increased government spending.
On December 23, 2022, President Biden signed the National Defense Authorization Act into law. This approved $816.7 billion in funding for the United States Department of Defense (DoD).
Some of this money is going to fund salary increases for our enlisted personnel. But a lot of it will be spent on other projects. In the 2023 budget, the bill provides $143.9 billion for defense procurement of things such as new weapons, vehicles and systems. It also provides $131.7 billion for research, development, test and evaluation (RDT&E).
So if you're looking for a sector that should be red hot in 2023, the defense sector should be near the top of your list. Here are seven stocks for you to consider.
Click the "Continue to Slide #1" button to view the first company.