10 Best Defense Stocks That Will Skyrocket

8. General Dynamics Corporation (NYSE:GD)

Stock Upside Potential: 17.98%

Number of Hedge Fund Holders: 66

General Dynamics Corporation (NYSE:GD) is one of the best defense stocks that will skyrocket. On April 14, General Dynamics Corp (NYSE:GD) secured three US Navy contracts worth $273.45 million. The company’s General Dynamics NASSCO-Norfolk secured a $183.23 million firm-fixed-price contract for the maintenance, modernization, and repair of USS Truxtun (DDG 103).

Work on the contract is to be performed in Norfolk, Virginia, and is scheduled for completion by April 2028. It also includes the option to increase to $183.58 million. On the other hand, General Dynamics Electric Boat Corp. in Groton, Connecticut, secured a $55.55 million cost-plus-fixed-fee modification to continue New England Maintenance Manpower Initiative support for non-nuclear maintenance of submarines.

It also secured a $34.68 million cost-plus-fixed-fee modification contract to continue New England Maintenance Manpower Initiative support for non-nuclear maintenance of submarines. The $55.55 million and $34.68 million contracts are to receive $20 million in fiscal 2026 operations and maintenance Navy funds.

General Dynamics Corporation (NYSE:GD) is a major global aerospace and defense company that provides products and services to military, government, and commercial customers. It operates in four main segments: business aviation (Gulfstream), marine systems (submarines), combat systems (armored vehicles), and technologies (IT/mission systems).