Dividends4Life: Five Strategic Defense Investments to Purchase for Income and Growth

Despite the onset of a new COVID-19 variant called Omicron, the five strategic defense investments to purchase should show resiliency as the U.S. government and its allies seek to maintain military preparedness as threats mount from China, Russia, North Korea and Iran, among other nations. Those four countries recently have gained international notoriety for aggressive military tactics and statements from their leaders who are raising alarm in nearby nations.

McLean, Virginia-based Booz Allen Hamilton Holding Corporation (NYSE: BAH), parent company of management and technology consulting and engineering services firm Booz Allen Hamilton Inc., boasts it has been helping military, government and business leaders solve complex problems for more than 100 years. Leidos Holdings Inc. (NYSE: LDOS), of Reston, Virginia, is a spin-off of Bethesda, Maryland-based Lockheed Martin (NYSE: LMT). The global defense company previously separated out its Information Systems and Global Solutions (IS&GS) segment and folded it into the Leidos security solutions business. Reston, Virginia-based CACI International Inc. (NYSE: CAIC) is a defense contractor that received a $340 price objective and a buy recommendation from BofA. Carlson, who also serves as chairman of the Board of Trustees of Virginia’s Fairfax County Employees’ Retirement System with more than $4 billion in assets, said that his favorite defense fund right now is SPDR S&P Aerospace and Defense (XAR). iShares U.S. Aerospace & Defense (ITA) is concentrated in large and mid-cap companies. A third choice from Carlson is Invesco Aerospace & Defense (PPA), which focuses on large and mid-size companies.

Source: Dividend Investor

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