Investing in 60's | Why Defence Stocks have become some of the best performers
The NATO alliance (the North Atlantic Treaty Organization) which is the global body for protecting the 31 countries it in, again called upon the countries in the group to put 2% of national GDP toward military and defence spending.
This is why defense companies, such as $Lockheed Martin(LMT.US)$, $Boeing(BA.US)$, $RTX Corp(RTX.US)$, will likely continue to receive orders from countries such as the US, the UK, Canada, Germany, etc for new aerospace and military equipment, such as aircraft, satellites, and drones.
It's also why Defence companies generated some of the best shareholder returns this year.
You can explore Military and Defence stocks on Moomoo's app. Under Industrial chain, Military and Defence. There you will see some of the biggest defence companies in the world, like $Lockheed Martin(LMT.US)$, which make most of its revenue from the US government. Lockheed Martin has also been serving Australian shores for over 70 years.