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Cramer says to invest in defense companies as the U.S. looks to rebuild weapons stockpile

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CNBC’s Jim Cramer on Tuesday recommended defense stocks as the U.S. empties its arsenals to aid allies Israel and Ukraine.

CNBC's Jim Cramer on Tuesday recommended investing in defense companies as the U.S. empties its arsenals to aid allies.

"In reality, the rest of the world's only gotten more chaotic, and our government can't do anything about it if we run out of munitions," Cramer saidCramer cited his Tuesday morning interview with RTX CEO Greg Hayes, who said the U.S. has primarily focused on fighting terrorism over the past two decades, and it doesn't have the capacity to supply land wars in both Ukraine and the Middle East.

"Our country's paltry land war-making capacity makes us a weaker arsenal of democracy, and sooner or later, either the White House or Congress will change how our defense budget gets spent," Cramer said."That makes the big defense contractors investible.""After we got out of Iraq, then Afghanistan, it feels like our leaders convinced themselves that we'd have some kind of world peace situation on our hands.

 

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