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During periods of economic uncertainty, defense stocks may offer reliability because a portion of their profits are often tied to long-term government contracts. Defense stocks also tend to get a boost during periods of war and conflict.
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10 best defense stocks of 2023 and historic performance
The companies and stocks below comprise the top 10 defense stocks by year-to-date performance. Also included is each stock’s 2022 performance. We compiled this list by choosing only S&P 500 stocks in the Aerospace & Defense that have a Buy or better analyst recommendation.
Logo
Stock name and ticker
Stock description
YTD return
TransDigm Group Inc (TDG)
TransDigm Group is an aerospace manufacturing company based in Cleveland, Ohio.
Textron Inc is an American industrial conglomerate based in Providence, Rhode Island, with operations spanning aerospace and defense, specialized vehicles, turf care and fuel systems.
L3Harris Technologies is a global aerospace and defense company that develops advanced software, hardware and systems integration solutions for spac, air, land, sea and cyber domains.
Defense stocks stand out for their steady growth and generous dividends that may provide reliability during periods of economic uncertainty. If you’re only getting started trading stocks or you’re looking to build a strong foundation for your portfolio, consider whether defense stocks should have a place in your portfolio.
Matt Miczulski is an investments editor at Finder. With over 450 bylines, Matt dissects and reviews brokers and investing platforms to expose perks and pain points, explores investment products and concepts and covers market news, making investing more accessible and helping readers to make informed financial decisions.
Before joining Finder in 2021, Matt covered everything from finance news and banking to debt and travel for FinanceBuzz. His expertise and analysis on investing and other financial topics has been featured on CBS, MSN, Best Company and Consolidated Credit, among others. Matt holds a BA in history from William Paterson University.
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