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Raytheon vs. Northrop Grumman: Which Defense Stock is a Better Buy?

Stock MarketsJul 08, 2021 10:30AM ET
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© Reuters. Raytheon vs. Northrop Grumman: Which Defense Stock is a Better Buy?

One of the biggest industries in the country, the defense industry, often gets overlooked by investors. Since defense companies make big money with government contractors, they could provide investors with stable growth. Raytheon (NYSE:RTN) (RTX) and Northrop Grumman (NYSE:NOC) are two top defense stocks, but which is the better pick now? Read more to find out.When was the last time you took a close look at the defense industry? If you are like most investors, you don't consider the merits of defense stocks nearly as frequently as warranted.

Though the mainstream media doesn't shine the spotlight on the defense industry, several players are often worthy of your consideration. If your portfolio is underweighted in defense stocks or has no defense stocks at all, it may be time to diversify it with the addition of a military play or two.

Even if the United States does not become involved in an armed conflict in the near future, defense contractors should continue to rake in cash. In particular, investors should zero in on Raytheon (RTX) and Northrop Grumman (NOC). But which is the better place? Read on to find out.

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Raytheon vs. Northrop Grumman: Which Defense Stock is a Better Buy?
 

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