One of the Biggest Mergers in Defense History Created This "Must Buy" Security Play
July 23, 2020 at 05:00 AM EDT
We just hit the one-year anniversary of one of the largest mergers ever to hit the defense industry - which is coinciding with what could be one of the best buying opportunities its stock will ever give you... There are plenty of reasons I like the stock the now - and that made me a huge fan of this deal last year. For one, the merger created a company with more than $16 billion in yearly sales and a whopping $35 billion market cap. It cemented the firm's status as an electronics-centric defense leader, with a strong moat in a field vital to America's security. First-quarter sales were up by a stunning 168%. Now Mordor Intelligence projects that the sector where this firm excels is going to increase 14% between now and 2024. That's on top of a current base worth $124 billion. And because the company's focused on a field at the heart of the nation's security, military, and aerospace efforts, it's one of the best defense plays you can buy today... Full Story The post One of the Biggest Mergers in Defense History Created This "Must Buy" Security Play appeared first on Money Morning - We Make Investing Profitable . And because the company's focused on a field at the heart of the nation's security, military, and aerospace efforts, it's one of the best defense plays you can buy today... Tags: Technology Article To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.