Defense Stocks to Watch: Lockheed Martin, General Dynamics, and Northrop Grumman.

Global military spending has increased to $2.4 trillion in 2024, with the US proposing a 4% increase in its defense budget to $849 billion for FY2025. Lockheed Martin, the world's largest defense contractor, is well-positioned for future growth with core programs in missile defense systems, space systems, and hypersonic weapons. LMT stock is trading at a discount to its historical average and offers a dividend yield of 2.87%. General Dynamics has also scored big wins, with analysts projecting earnings growth of around 9.3% in the next 12 months.