Top 10 Growing Aerospace and Defense Stocks For Trump’s Presidency

2. Elbit Systems Ltd. (NASDAQ:ESLT)

Elbit Systems Ltd. is a developer and supplier of land, airborne, and naval products and systems. The company serves homeland security, defense, and commercial aviation applications. The stock is up over 38% year to date and for good reason.

ESLT’s backlog is now worth $22.1 billion, which should be enough to support a double-digit topline growth this year. Two-thirds of these orders are from outside Israel, which means the company is well-diversified to handle any reduction in defense spending at home.

Two recent deals that are driving the company’s stock price include a $276 million deal with the Israel Defense Ministry for the supply of heavy air munitions and an approximately $600 million deal with Greece for 40 PULS multiple rocket launchers.

If the company is able to consistently deliver on its backlog of orders, there is no reason why it won’t continue to receive more orders. Geopolitical tensions continue to spur defense spending and the company is well-placed to benefit from that. With the stock on a tear so far this year, what’s not to like about ESLT?