Since tensions between Russia and Ukraine first made headlines, defense companies have been on the rise. Germany has agreed to spend 2% of its GDP on military spending each year. The United States will increase its defense spending by 8% to more than $770 billion in 2023. As the North Atlantic Treaty Organization (NATO) positions itself to deter further Russian aggression, NATO countries near Ukraine are seeing major military build-ups.
Insider Monkey picked defense and military stocks to buy now. VirTra, Inc. makes driving and gun training simulators for the military, law enforcement, educational, and commercial applications. In February, the business received its first orders from a Canadian law enforcement agency under this standing offer. In the fourth quarter of 2021, 9 hedge funds held Ducommun Incorporated stock, with a collective holdings value of $612.6 million. Royce & Associates had 428,000 shares in the company for $20 million. Sturm, Ruger & Company, situated in the United States, is a guns manufacturer. The company’s products are sold to clients all over the world, the majority of which are law enforcement agencies. Another firearms manufacturer on our list of discounted defense and military companies to buy is Smith & Wesson Brands, Inc. The Massachusetts-based company specializes in revolvers and pistols, as well as long guns and firearms accessories. Huntington Ingalls Industries, Inc. is a military ship designer, builder, and repairer. In the fourth quarter of 2021, 23 hedge funds had $199 million invested in the company. This is up from 15 hedge funds with $163 million in combined holdings in the previous quarter. For more details, click 10 Undervalued Defense And Military Stocks To Buy Now.
