The fiscal 2025 National Defense Authorization Act calls for $923.3 billion in U.S. military spending, up 4.1% from 2024 levels. The ongoing war in Ukraine; tensions between China and Taiwan; and conflicts between Israel and Iran, Hezbollah and Hamas may force the U.S. government to increase defense industry investment in the coming years, which could serve as a tailwind for defense industry earnings.
Defense stocks are attractive investments because they often have predictable, long-term government contracts. Here are seven defense stocks to buy with big upside potential, according to Morgan Stanley.
This post originally appeared at U.S. News & World Report.