5 Best Aerospace and Defense Stocks to Buy According to Billionaires

In this article, we will list the 5 Best Aerospace and Defense Stocks to Buy According to Billionaires. Please visit 10 Best Aerospace and Defense Stocks to Buy According to Billionaires if you’d like to see an extended list and how we came up with the list of best aerospace and defense stocks.

5. General Dynamics Corporation (NYSE:GD)

Number of Billionaire Investors: 20

General Dynamics Corporation (NYSE:GD) is among the 10 Best Aerospace and Defense Stocks to Buy According to Billionaires. On March 18, the Department of War announced that the company was awarded a $15.38 billion Navy contract modification involving the Columbia-class submarines.

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According to the press release, the defense contractor’s subsidiary, General Dynamics Electric Boat Corp., will support the program through the provision of services like submarine design, sustainment, lead yard services, supplier development efforts, and enterprise planning initiatives.

The contract has been offered by the Naval Sea Systems Command and is scheduled for completion by June 2035.

In other news, General Dynamics Corporation (NYSE:GD) on March 9 said that its Board of Directors had approved a regular quarterly dividend of $1.59 per share on common stock. It is payable on May 8 to all shareholders on record as of the close on April 10.

The announcement marks a 9-cent sequential increase in payout. The company is considered among the leading dividend-paying stocks in the sector due to its consistent dividend growth over the decades. It has an annual dividend yield of 1.84% as of March 20.

General Dynamics Corporation (NYSE:GD) is a leading global aerospace and defense company, operating through its Aerospace, Marine Systems, Combat Systems, and Technologies segments. It offers a broad portfolio of products and services related to ship construction, advanced weapon systems, land combat vehicles, business aviation, and more.