This primer aims to provide investors with initial insights and information so they can make informed decisions regarding investment in defense stocks. Unlike the commercial aerospace sector, investors do not have high exposure to the products and services offered by defense firms as they are mainly for military use. Defense contractors are unique in that their main customer is the U.S. government, which means that the industry is largely affected by changes in U.S. policies and regulation and is more isolated from market cyclicality compared to other industries. The focus of this primer is on companies that design, develop, build, and support military programs for the U.S. Department of Defense.

Industry: Defense


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