Defense Companies
Defense companies here in the US should do keep doing well with all the billions going to help the countries at war such as Ukraine and Israel. Here are some examples from the Council on Foreign Affairs listing of what the US has sent to Ukraine so far.
The aid purchases and sends military equipment made in the USA and creates employment and revenue for companies that work in the arms manufacturing business. The largest companies of these are Northrup Grumman and Raytheon.
The ticker symbol for the stock of Northrup Grumman is NOR and the price was $473.86 and change today April 24, 2024. Now, it’s hard to say if the stock will keep going up. The market cap is 69.77 Billion US dollars and shares outstanding are 148.14 million shares.
Raytheon has a stock ticker symbol RTX with market cap of 134.32 billion US dollars and recent stock price of $101.32. See post on Earnings Call for Raytheon 1st quarter results 2024.