Should You Buy Defense Stocks After the Iran Conflict Sent Them to All-Time Highs?

Buying defense stocks at a time of intense, seemingly intensifying, geopolitical conflict might appear to be a no-brainer, but it's not that simple. Backlogs and revenue are growing, and upside potential is considerable. For a recent example, witness the recent announcement of framework agreements between the U.S. government and Lockheed Martin (NYSE: LMT), BAE Systems, and Honeywell to accelerate production of missile technology, including Precision Strike Missiles (PrSM) used to attack Iran. However, va ...