Considering investing in defense stocks? While the best defense stocks depend on your portfolio and investment goals, we've identified some defense stocks that are worth keeping an eye on in the industrials sector. Keep reading to learn more about defense stocks and how to start investing.
We round up a selection of stocks in or related to the industrials industry, weighting the list more heavily towards popular mid- and large-cap stocks.
| Best stock | 1-year return | Market cap | Exchange | Volume | Buy on Questrade |
|---|---|---|---|---|---|
| Lockheed Martin Corporation (LMT.US) | 35.31% | $136 billion (USD) | NYSE | 570,811 | Buy now |
| General Dynamics Corporation (GD.US) | 23.72% | $103.7 billion (USD) | NYSE | 462,275 | Buy now |
| Northrop Grumman Corporation (NOC.US) | -3.34% | $79.2 billion (USD) | NYSE | 603,614 | Buy now |
| RTX Corporation (RTX.US) | 43.33% | $299.6 billion (USD) | NYSE | 5,972,609 | Buy now |
| CAE IncCommon Shares (CAE.US) | -6.23% | $8.6 billion (USD) | NYSE | 542,126 | Buy now |
| L3Harris Technologies (LHX.US) | 5.74% | $53.1 billion (USD) | NYSE | 1,017,797 | Buy now |
| Bombardier Inc Series B (BBD-B.TO) | (data unavailable) | $33.3 billion (CAD) | Toronto Stock Exchange | (data unavailable) | Buy now |
| Magellan Aerospace Corporation (MAL.TO) | (data unavailable) | $2 billion (CAD) | Toronto Stock Exchange | (data unavailable) | Buy now |
| MDA (MDA.TO) | (data unavailable) | $6.9 billion (CAD) | Toronto Stock Exchange | (data unavailable) | Buy now |
| Kraken Robotics (PNG.V) | (data unavailable) | $1.8 billion (CAD) | TSX Venture Exchange | (data unavailable) | Buy now |
The industrials industry is affected by a range of complex factors such as trade policies, regulations, and fluctuating supply and demand. So when considering defense stocks to buy, it's important that you have access to vital information about a company's financial health, leadership team, and market positioning.
Also keep in mind that, while volatility can be ideal for day traders, long-term investors will want to look for stocks to offer steadier gains over time.
A lot of factors go into picking the best defense stocks. Stock performance can be impacted by factors like market conditions, company decisions and global events. Plus, what may be a strong defense stock investment for one person might not be suitable for another.
That said, we rounded up this list of popular defense stocks in or related to the industrials industry to help narrow down your options:
Keep in mind that this is not a "best" list or a recommendation. It highlights some defense stocks for informational purposes only and does not indicate past or future performance or investment advice. We do not guarantee any investment performance.
We've outlined detailed company and stock performance details for each defense stock below. Keep reading to decide if any of these companies are the right investment for you.
Lockheed Martin Corporation, an aerospace and defense company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services in the United States, Europe, Asia, the Middle East, and internationally. The company operates through four segments: Aeronautics; Missiles and Fire Control (MFC); Rotary and Mission Systems (RMS); and Space.
The Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies.
| Closing stock price | $582.85 |
|---|---|
| Market Capitalization | $136 billion |
| Gross profit (TTM) | $9.1 billion |
| Profit margin | 8.16% |
| Revenue (TTM) | $77 billion |
| Earnings per share (TTM) | $27.15 |
| 52-week stock price range | $412.76 – $687.50 |
General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies.
The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support, customer support and custom completion services, modifications, upgrades, and lifecycle sustainment support services.
| Closing stock price | $386.92 |
|---|---|
| Market Capitalization | $103.7 billion |
| Gross profit (TTM) | $8.4 billion |
| Profit margin | 8.18% |
| Revenue (TTM) | $54.9 billion |
| Earnings per share (TTM) | $16.40 |
| 52-week stock price range | $304.36 – $400.00 |
Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. It operates through four segments: Aeronautics Systems, Defense Systems, Mission Systems and Space Systems.
The Aeronautics Systems segment designs, develops, produces, integrates, sustains, and modernizes aircraft systems.
| Closing stock price | $567.74 |
|---|---|
| Market Capitalization | $79.2 billion |
| Gross profit (TTM) | $8.6 billion |
| Profit margin | 10.48% |
| Revenue (TTM) | $42.9 billion |
| Earnings per share (TTM) | $31.78 |
| 52-week stock price range | $479.02 – $770.61 |
RTX Corporation, an aerospace and defense company, provides systems and services for commercial, military, and government customers worldwide. It operates through three segments: Collins Aerospace (Collins), Pratt & Whitney, and Raytheon.
The Collins segment offers aerospace and defense products, and aftermarket services for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.
| Closing stock price | $223.25 |
|---|---|
| Market Capitalization | $299.6 billion |
| Gross profit (TTM) | $19 billion |
| Profit margin | 8.28% |
| Revenue (TTM) | $93.5 billion |
| Earnings per share (TTM) | $5.80 |
| 52-week stock price range | $148.90 – $222.82 |
CAE Inc., together with its subsidiaries, provides training, simulation, and critical operation solutions in Canada, the United States, the United Kingdom, Europe, Asia, the Oceania, Africa, and rest of the Americas. The company operates through two segments, Civil Aviation; and Defense and Security.
The Civil Aviation segment offers training solutions for flight, cabin, maintenance, ground personnel, and air traffic controllers in commercial, business, and helicopter aviation; a range of flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as airline operations digital solutions for commercial airlines, regional airlines, business aircraft operators, civil helicopter operators, aircraft manufacturers, third-party training centres, flight training organizations, air navigation service providers, maintenance, repair and overhaul organizations and aircraft finance leasing companies.
| Closing stock price | $26.78 |
|---|---|
| Market Capitalization | $8.6 billion |
| Gross profit (TTM) | $1.4 billion |
| Profit margin | 6.37% |
| Revenue (TTM) | $4.9 billion |
| Earnings per share (TTM) | $0.69 |
| 52-week stock price range | $22.76 – $34.24 |
L3Harris Technologies, Inc. provides mission-critical solutions for government and commercial customers worldwide. It operates through three segments: Space & Mission Systems (SMS), Communications & Spectrum Dominance (CSD), and Missile Solutions (MSL).
The SMS segment integrates satellite and payload capabilities, including missile warning and defense, with maritime, air special missions, and other global defense and civil government programs.
| Closing stock price | $289.53 |
|---|---|
| Market Capitalization | $53.1 billion |
| Gross profit (TTM) | $3.9 billion |
| Profit margin | 10.37% |
| Revenue (TTM) | $12.9 billion |
| Earnings per share (TTM) | $10.16 |
| 52-week stock price range | $262.68 – $376.39 |
Bombardier Inc. engages in the design, manufacture, and sale of business aircraft and aircraft structural components worldwide. It also provides various services, such as parts, service centers, smart services, training, and technical publications.
The company serves multinational corporations, charter and fractional ownership providers, governments, and private individuals.
| Market Capitalization | C$33.3 billion |
|---|---|
| Gross profit (TTM) | C$1.9 billion |
| Profit margin | 9.58% |
| Revenue (TTM) | C$9.7 billion |
| Earnings per share (TTM) | C$13.27 |
| 52-week stock price range | C$150.81 – C$377.77 |
Magellan Aerospace Corporation engineers and manufactures aeroengine and aerostructure components for aerospace markets in Canada, the United States, and Europe. The company offers aero engine products, such as laser welded honeycomb and filament wound tubes, frames, compressor components, bypass ducts, hot section components, and aeroengine and helicopter drive shafts, as well as other flight safety critical machined components, including discs, seals, and spacers; and aerostructures comprising landing gear systems, wing ribs, spars and skins, bulkheads and fuselage components, tailcone assemblies, composite wing and fairing structures, horizontal and vertical stabilizers, plug and nozzle, exhaust systems, crown modules, and vane boxes and transition ducts.
It also designs, engineers, and manufactures assemblies and components for aerospace markets, governments, space markets, and specialty products; wire strike protection systems for helicopter safety; space solutions, including small satellite bus platforms and satellite subsystem equipment, as well as offers services for satellite assembly, integration, and testing; and aluminum and magnesium alloy sand castings, such as engine mounted accessory gearbox housings, helicopter power transmission housings, auxiliary power unit inlet and gearbox housings, engine front inlet and intermediate cases, engine front frames and fan cases, pump and accessory drive housings, and environmental control housings.
| Market Capitalization | C$2 billion |
|---|---|
| Gross profit (TTM) | C$151.7 million |
| Profit margin | 4.22% |
| Revenue (TTM) | C$1.1 billion |
| Earnings per share (TTM) | C$0.79 |
| 52-week stock price range | C$14.91 – C$38.16 |
MDA Space Ltd. provides space technology solutions and services in Canada, the United States, Europe, Asia, the Middle East, and internationally. It offers satellite communications solutions, such as space-based broadband Internet, direct-to-device satellite communication, and IoT connectivity; MDA AURORA, a software-defined digital satellite product line; and autonomous robotics systems and services used to operate in space and on the surfaces of the Moon and Mars.
The company also provides robotic systems, robotic interfaces, tooling, robotic ground control stations, and operations services; electro-optic and light detection and ranging sensors, vision and targeting systems, guidance, navigation, and control subsystems and planetary rover locomotion subsystems; MDA SKYMAKER, a suite of scalable and modular space robotics; and Canadarm3, a robotics system.
| Market Capitalization | C$6.9 billion |
|---|---|
| Gross profit (TTM) | C$2.1 billion |
| Profit margin | 2.24% |
| Revenue (TTM) | C$2.1 billion |
| Earnings per share (TTM) | C$0.79 |
| 52-week stock price range | C$20.85 – C$67.90 |
Kraken Robotics Inc., a marine technology company, engages in the design, manufacture, and sale of sonar and optical sensors, batteries, and underwater robotic equipment for military and commercial applications. The company operates in two segments, Products and Services.
The company offers Synthetic Aperture Sonar (SAS), a technology to perform imaging and bathymetric mapping; KATFISH Towed SAS, a synthetic aperture sonar towfish operates at speeds up to 10 knots providing increased area coverage rates; and SeaPower, a pressure tolerant deep-sea battery.
| Market Capitalization | C$1.8 billion |
|---|---|
| Gross profit (TTM) | C$65.6 million |
| Profit margin | -0.63% |
| Revenue (TTM) | C$107.8 million |
| 52-week stock price range | C$3.28 – C$10.72 |
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