10 Defense and Aerospace Stocks To Benefit From Trump’s Peace Through Strength Policy

2. Lockheed Martin Corporation (NYSE:LMT)

As an aerospace and security company, Lockheed Martin Corporation designs, develops, maintains, and manufactures technological products, systems, and services. It operates in space, aeronautics, rotary and mission systems, and missiles & fire control segments. The company’s love affair with US government contracts continues despite the government change as the company bagged a $551 million US Navy contract just this week. The contract could be worth as much as $1.37 billion if some of the options included in the contract also materialize.

Another recent development that sets the company up for a great performance during Trump’s term is Europe’s willingness to increase its defense spending. Donald Trump already emphasizes that European countries need to contribute more, but a recent report by the Financial Times reported that EU leaders are set to discuss ways to deal with countries that are seemingly neutral but also Russia-friendly. This is an attempt to scale up Europe’s defense capabilities and LMT should be able to benefit from it as it generates over 10% of its revenue from the continent’s spending on its defense.