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3 Top Stock Picks Positioned To Capitalize On Skyrocketing Defense Spending

Global military spending for 2023 touched record highs of $2.44 trillion. On a year-on-year basis, defense spending increased by 6.8%. That does not come as a surprise, as there are multiple points of geopolitical friction globally. It’s also likely that defense spending will continue to increase at a healthy pace through the decade. From an investment perspective, it’s a good opportunity to consider exposure to some of the best defense stock picks.

Let’s discuss three defense stock picks poised to surge higher on the back of potential growth acceleration.

This post appeared first on InvestorPlace.