10 Defense Stocks with the Highest EPS Growth in 5 Years

2. GE Aerospace (NYSE:GE)

EPS Growth, Past 5 Years: 94.19%

GE Aerospace (NYSE:GE) is a global aerospace propulsion, services, and systems company with an installed base of around 25,000 military and 45,000 commercial aircraft engines.

The company has been in the news recently for notable contract awards. On March 31, it clinched a subcontract to develop avionics systems for the Army’s Future Long Range Assault Aircraft (FLRAA) program, working as part of a team led by Bell Textron Inc. Earlier in the month, GE Aerospace (NYSE:GE) was selected by Korean Air to provide GEnx and GE9X engines to power its new Boeing aircraft.

In March, GE Aerospace (NYSE:GE) also received a $5 billion IDIQ contract from the US Air Force to support Foreign Military Sales (FMS) for the F110-GE-129 engines, which power F-15 and F-16 aircraft operated by American allied nations. The agreement reflects the company’s commitment to America’s defense partnerships and to ensuring the operational readiness of fleets globally.

GE Aerospace (NYSE:GE) plans on heavily investing in its facilities this year. It has announced to spend up to $1 billion in its US facilities in 2025 to strengthen manufacturing and innovation. The figure is nearly twice last year’s commitment and is set to improve engine safety, quality, and delivery. The company will also invest over €78 million in its European manufacturing sites in 2025.

GE Aerospace (NYSE:GE)’s financial performance remains strong. During Q4 2024, the company topped Wall Street’s earnings estimates. It anticipates a major profit surge in the fiscal year 2025 as well, which has further enhanced the stock’s appeal among investors. It is one of the best defense stocks to buy now.