11 Best Industrial Stocks to Buy Right Now

8. General Dynamics Corporation (NYSE:GD)

Year to Date Return as of June 20: 21.48%

Number of Hedge Fund Holders: 46

General Dynamics Corporation (NYSE:GD) is one of the 11 best industrial stocks to buy right now. On June 18, the company was awarded a $986.8 million contract modification by the US Department of Defense for submarine development work.

The cost-plus-fixed-fee modification contract funds additional component development and class lead yard support. The new contract will also support submarine Industrial Base supplier development enhancements for Columbia-class ballistic missile submarines. Additionally, the contract modification combines $16 million in United Kingdom funding to support the joint U.S. Columbia-class and U.K. Dreadnought-class common missile compartment program.

The contract includes programs directly supporting the Navy, Department of Defense, and Office of Management and Budget’s guidance. The funding supports strategic sourcing, supplier development, and infrastructure upgrades, which are included in the president’s fiscal 2025 budget.

General Dynamics Corporation (NYSE:GD) is a global aerospace and defense company. It designs, manufactures, and serves diverse products and services, including business jets, combat vehicles, nuclear-powered submarines, and information technology solutions.