My Top Defense Stock to Buy Right Now
The new year is shaping up as a tricky one for defense investors. Defense stocks rode a wave of increased Pentagon spending to new highs over the last five years, but with that up-cycle showing signs of fatigue it is time to get picky about what stocks to buy.
The industry saw budgetary headwinds on the horizon, and most companies are well-positioned to survive a change in sentiment coming out of Washington. But with the U.S. government the primary customer, there's limits on what large prime contractors can do other than ride out the storm.
L3Harris Technologies (NYSE: LHX) appears uniquely well-positioned to continue to grow no matter what happens to spending in the years to come. Here's why this under-appreciated defense company is tops on my radar right now.
Source Fool.com
