2 Defense Stocks to Buy as Global Military Spending Climbs
With global military budgets ballooning, Honeywell Aerospace and RTX could reward long-term investors.
Overview
Not-so-fun (but interesting) fact: The U.S. spends more on servicing its debt (about 15% of the overall budget) than on defense (about 13%), and it's been that way since 2024. Even if it isn't the biggest line item on the overall U.S. budget, this country allocates a mammoth amount of money to military and national security spending.
Earlier this year, the White House unveiled its fiscal 2027 defense budget request, and it totaled a staggering $1.5 trillion, a 42% increase over 2026. That's just a single year's budget request. Clearly, this country spends big on defense.
Global governments are accelerating defense spending. Image source: Getty Images.
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Originally published at www.fool.com.