It’s a bull market in military budgets, to put it lightly. So, let’s talk about my favorite defense stock dividend for the rest of 2022 and, really, the 2020s.
The US defense budget for 2022 is a record $777 billion. Over 3% of GDP.
We are, however, only one of nine NATO countries to spend 2% or more of our GDP on military spending. This has been a stated goal of NATO since 2006, a standard currently met by less than one-third of members.
With Russia’s invasion of Ukraine entering its sixth month and China lobbing missiles over Taiwan last weekend, higher military spending across the globe is on the way.… Read more