2 Defense Stocks to Buy as Global Military Spending Climbs

With global military spending reaching $2.9 trillion annually, defense contractors RTX and Honeywell Aerospace are positioned to benefit from increased government defense budgets. RTX boasts a $289 billion backlog that could reach $460 billion by 2028, driven by U.S. military replenishment needs and international demand. Honeywell Aerospace, recently spun off as a standalone company, is investing $500 million to expand domestic facilities and capture more Department of Defense contracts.