11 Best Large Cap Defense Stocks to Buy According to Analysts

9. General Dynamics Corporation (NYSE:GD)

Share Price on August 4: $312.78

Average Upside Potential: 6.60%

General Dynamics Corporation (NYSE:GD) is among the 11 Best Large Cap Defense Stocks to Buy According to Analysts. On August 1, the company’s Bath Iron Works business unit announced that the U.S. Navy was adding another DDG 51 destroyer to a multi-year contract awarded in 2023.

Bath Iron Works’ president Charles F. Krugh thanked the Congressional delegation for adding the ship to the FY25 Defense Appropriations Bill. He said the company was proud to be selected to build the ship and praised the efforts of his team for improving the construction process. Krugh further added that the unit was clawing back to schedule to deliver more ships to the Navy.

General Dynamics Corporation (NYSE:GD)’s Bath Iron Works unit currently has several naval ships under construction. These include the Flight IIA Arleigh Burke-class destroyers Harvey C. Barnum Jr. (DDG 124) and Patrick Gallagher (DDG 127). The shipbuilding team is also working on Flight III configuration destroyers DDG 126, DDG 130, DDG 132, DDG 134, and DDG 136.

General Dynamics Corporation (NYSE:GD) is a leading defense contractor, operating through its Aerospace, Marine Systems, Combat Systems, and Technologies segments.