Is It Time to Mobilize Your Investing Strategy With Defense Stocks?

Defense spending is on the rise at home and abroad. Should you fall in line?

Many top defense companies have long track records of steady revenue and dividend payments. Andrew Angelov/Shutterstock

As war continues to wage in Ukraine and the Middle East, many investors—including Ark Invest CEO Cathy Wood—are turning to defense stocks. In fact, the notable investor has purchased shares of defense contractor AeroVironment totaling $1.36 million.

So what exactly are defense stocks?