In 2018, the defense sector in the United States experienced significant growth, offering investors a wide array of opportunities. As tensions rose globally, defense stocks became a hot topic among investors looking for stable and profitable investments. This article delves into the best US defense stocks to watch in 2018, highlighting their strengths, potential, and performance.
Lockheed Martin Corporation (LMT)
Lockheed Martin Corporation (LMT) is a leading defense contractor and a staple in the defense industry. The company specializes in aerospace, defense, and security solutions, providing advanced technology systems, products, and services. In 2018, LMT's revenue reached $66.6 billion, with a focus on key programs such as the F-35 Lightning II fighter jet and the Joint Strike Fighter (JSF).
Raytheon Technologies Corporation (RTX)
Raytheon Technologies Corporation (RTX) is another major player in the defense sector, offering a wide range of defense and aerospace products and services. In 2018, RTX's revenue was $29.5 billion, driven by its key programs such as the F-35 Lightning II, the Apache helicopter, and the Patriot Air and Missile Defense System.
Northrop Grumman Corporation (NOC)
Northrop Grumman Corporation (NOC) is a global aerospace and defense company that provides innovative systems, products, and solutions. In 2018, NOC's revenue was $29.2 billion, with a focus on key programs such as the B-2 Stealth Bomber, the Global Hawk, and the F-35 Lightning II.
Boeing Company (BA)
Boeing Company (BA) is a world leader in the aerospace industry, offering commercial airplanes, defense, space, and security systems. In 2018, BA's revenue was $99.5 billion, with a focus on key programs such as the F-15 Eagle, the F/A-18 Super Hornet, and the F-35 Lightning II.
General Dynamics Corporation (GD)
General Dynamics Corporation (GD) is a global aerospace and defense company that provides business aviation, combat vehicles, land and sea combat systems, and information technology. In 2018, GD's revenue was $36.5 billion, with a focus on key programs such as the Abrams tank, the Stryker combat vehicle, and the littoral combat ship.
Case Study: Raytheon Technologies Corporation (RTX)
In 2018, Raytheon Technologies Corporation (RTX) announced a merger with United Technologies Corporation (UTC), creating Raytheon Technologies Corporation. The merger aimed to create a more competitive and innovative company in the aerospace and defense industry. As a result, RTX's market capitalization increased significantly, and the company's revenue grew by 15% in 2018.
Conclusion
Investing in defense stocks can be a wise decision, especially in times of global uncertainty. In 2018, the best US defense stocks to watch included Lockheed Martin Corporation (LMT), Raytheon Technologies Corporation (RTX), Northrop Grumman Corporation (NOC), Boeing Company (BA), and General Dynamics Corporation (GD). These companies have a strong track record of innovation, profitability, and growth, making them attractive investments for investors looking to capitalize on the defense sector.
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