I think LMT/NOC/RTX are trading at pretty steep valuations and much of the run-up has already happened even if they are good deals. Even if not, I'm not interested in buying at today's prices.
Who do they get their intermediate supplies/raw materials from? I'm talking the literal nuts and bolts, steel goods, engine parts, electronic components, munitions, tires, … While the big defense contractors are probably already pricing in a secular increase in defense spending, until the actual production increases set to begin around the world start kicking into gear, I'd imagine there is still upside to the smaller players in this space.
I don't even know the names of any of the companies here, so I am interested in what you all have looked at.
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