The U.S. government is planning to spend substantially more on defense. That bodes well for all makers of military hardware and providers of military logistics services. However, some are better-positioned than others to capitalize on the planned spending growth.
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Huntington Ingalls Industries
Symbol: HII
This roughly $12 billion company is the nation’s busiest builder of military ships, including amphibious transport dock ships and the Navy’s next aircraft carrier, the John F. Kennedy.
Lockheed Martin
Symbol: LMT
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One of the country’s biggest and best suppliers of defense systems is behind and overbudget on the F-35 fighter jet program, but the Department of Defense is still committed. Another notable weapon is the Long Range Anti-Ship Missile.
Northrop Grumman
Symbol: NOC
Another huge diversified defense contractor, Northrop Grumman also contributed to the F-35. Other products include the Fire Scout unmanned helicopter, and the next generation stealth bomber, known as the B-21.
United Technologies
Symbol: UTI
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This industrial giant doesn’t have its name on any big weapons systems but its products are found in many. Plus, its Pratt & Whitney jet engines power many of the military’s airplanes, including the F-35, F-22 and F-16.
Spirit Aerosystems
Symbol: SPR
Like United Technologies, Spirit Aerosystems builds critical parts, specifically for aircraft. Weapons systems that use Spirit parts include the V-22 Osprey, a half-helicopter, half-plane craft in use with the U.S. Marines, as well as Sikorsky helicopters across the services.
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