There are several stocks that can be found on Robinhood.com that are third-party contractors for the US military. Here are some of the key stocks to consider12:
- SPDR S&P Aerospace & Defense ETF (XAR):
- XAR tracks an equal-weighted index of US aerospace & defense companies.
- It is listed on Robinhood.com and can be traded by users.
- Global X Defense Tech ETF (SHLD):
- SHLD tracks a modified market-cap weighted index of the top 50 pure-play defense technology companies from around the world.
- These companies are considered best positioned to benefit from increased governmental defense spending.
- It is also listed on Robinhood.com and can be traded by users.
These ETFs provide exposure to a broad range of defense and aerospace companies, including those that are third-party contractors for the US military. By trading these ETFs, investors can potentially benefit from the defense sector's performance and any potential increase in demand for military equipment and services during times of conflict or heightened defense spending.