Time to Consider Defense Stocks Amid Rising Military Spending?

NATO, the North Atlantic Treaty Organization, commemorated its 75th anniversary last week, at a time when the 32-member alliance finds itself in an increasingly precarious position. Polish Prime Minister Donald Tusk’s warning that Europe has entered a “pre-war era” underscores the geopolitical challenges going forward and the need to shore up defenses.

But in more recent years, for reasons that will be historians’ job to unpack, hostilities have escalated. Data provided by Our World in Data shows that the total number of armed conflicts across the globe was higher in 2022 than in any year going back to 1989. Despite these risks, I believe the long-term outlook for defense stocks is positive. As nations worldwide increase their military spending, companies at the forefront of defense technology and innovation are likely to benefit. The U.S. defense industry, with its strong presence in the global arms trade and its cutting-edge AI capabilities, is particularly well-positioned.

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