Three Ways To Profit From The Resurgence In U.S. Defense And Space-Related Spending

Since peaking at $691 billion in 2010, or 6% of U.S. GDP, the U.S. Department of Defense (DoD)’s annual budget (which makes up about 40% of the world’s military spending) has fallen by nearly 20%. Last year, U.S. defense spending checked in at $560 billion, or just 4.5% of U.S. GDP, its lowest level since 2006, when it totaled $534 billion. Conventional wisdom suggests that—with the U.S. military presence having wind down in Afghanistan and Iraq over the last five years—U.S. military spe...