3 Incredibly Profitable Defense Stocks to Buy Now

Group 1: Northrop Grumman (NOC) - Northrop Grumman is positioned for growth despite recent declines, with new contracts and partnerships, including NATO's interest in maritime surveillance with Triton aircraft, suggesting a 14% upside next year [3] - In Q1 2024, Northrop Grumman reported $10.1 billion in sales, marking a 9% year-over-year increase, and is a leader in satellite manufacturing and space technology [7] - The company is involved in DARPA's Shepard program, focusing on developing a stealthy surveillance drone with advanced hybrid electric architecture [15] Group 2: Lockheed Martin (LMT) - Lockheed Martin successfully launched its advanced weather satellite, GOES-U, which will provide critical weather data over North America's East Coast [5] - Financially, Lockheed reported $6.78 billion in net income and revenue of $69.64 billion, with expectations for fiscal 2024 earnings at $26.27 per share and revenue climbing to $72.36 billion in 2025 [17] - The company offers stable investment potential in space stocks, focusing on satellite technology amid rising geopolitical tensions [16] Group 3: General Dynamics (GD) - General Dynamics reported robust financial performance with revenue climbing to $10.7 billion, an 8.6% year-over-year increase, and net earnings reaching $799 million, a 9.5% increase [11] - The company has a 1.97% dividend yield, consistently increased for 33 years, and shows resilience with a low beta of 0.64 [12] - Increased demand in Combat Systems and growth in Marine Systems, driven by U.S. Navy contracts, are key drivers for General Dynamics [18]