7 Defense Stocks to Buy as Geopolitical Risks Rise

The war in Ukraine is sparking accelerated spending across the defense industry. These top-rated stocks could capitalize on the growth.

military people walking with helicopter in background
(Image credit: Getty Images)

Russia's invasion of Ukraine has, among other things, unsettled much of the stock market. However, one corner of the market has experienced a lift as a result, and stands to keep benefiting should this conflict continue or other geopolitical risks rise: defense stocks.

"Even before the Russia and Ukraine conflict became front-page news, there was a clear shift in military spending aimed at thwarting potential near-peer threats," says Stifel analyst Bert Subin.


Data is as of March 29. Dividend yields are calculated by annualizing the most recent payout and dividing by the share price.

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Deborah Yao
Contributing Writer, Kiplinger.com

Deborah Yao is an award-winning journalist, editor, and personal finance columnist who has held editorial roles at Kiplinger, The Wharton School, Amazon, The Associated Press, S&P Global (SNL Kagan) and MarketWatch. She specializes in writing and editing articles on finance and technology, with particular expertise in the areas of stock analysis, monetary policy, fintech, blockchain, macroeconomics, financial planning, taxes, among others. She has been published in The New York Times, USA Today, CBS News, ABC News, Wharton Magazine, and many other news outlets.