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3 Top Defense Stocks To Buy Now

The defense industry has experienced quite the boom since President Trump took office. Back in February, he initially unveiled plans to significantly increase federal spending related to national security, stoking a rally in defense stocks. The president is seeking $54 billion to spend on a variety of defense-related systems

Then there’s the multi-billion-dollar arms deal reached in May with Saudi Arabia. The transaction was a way to both improve a decades-long alliance with the world’s largest oil exporter, as well as potentially lead to additional sales to other countries in the region. Defense giants like Lockheed Martin (LMT - Free Report) —whose technology was part of the agreement—Boeing (BA - Free Report) , and Raytheon (RTN - Free Report) will all likely benefit.

As defense stocks and funds like the iShares U.S. Aerospace & Defense ETF (ITA - Free Report) continue to gain this year, let’s take a look at three top picks for your portfolio.

Curtiss-Wright Corp. (CW - Free Report)

Curtiss-Wright is a global diversified product manufacturer and service provider for the commercial, industrial, defense, and energy markets. Headquartered in Charlotte, North Carolina, the company was once the largest aircraft manufacturer in the U.S., but now specializes in actuators, aircraft controls, valves, and surface treatment services.

The company is a #2 (Buy) on the Zacks Rank, and growth projections for 2017 look...


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