Three Defense Stocks Positioned to Gain From Record Military Spending

Industry
โดย The Motley Fool·Read original
Summary · why it matters

Global military spending hit a record $2.9 trillion in 2025, and three defense contractors—General Dynamics, Northrop Grumman, and Curtiss-Wright—are highlighted for their strong balance sheets and growth momentum. General Dynamics finished its most recent quarter with about $3.7 billion in cash, net debt fell to roughly $4.4 billion, and its total order backlog hit a record near $131 billion, with Marine Systems revenue up 21%. Northrop Grumman holds a record backlog of roughly $96 billion, generated free cash flow of about $3.3 billion in 2025, and is investing about $2.5 billion to expand B-21 bomber production while projecting full-year free cash flow of roughly $3.1 billion to $3.5 billion. Curtiss-Wright carries roughly $958 million in total debt against about $371 million in cash, converts more than 105% of earnings into free cash flow, and saw new orders climb 16% to a backlog of about $4.3 billion, with roughly 90% expected to convert to revenue within three years.

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Defense & Geopolitical Fragmentation▲ · 3 stocks
Curtiss-Wright Corporation
CW
▲ PositiveDemandrelevance

Record military spending and 16% new order growth to $4.3B backlog, with 90% expected to convert to revenue within three years.

Northrop Grumman Corporation
NOC
▲ PositiveDemandrelevance

Record $96B backlog and $2.5B investment to expand B-21 bomber production amid record military spending.

Artificial Intelligence▲ · 1 stocks

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