Citi Research believes aerospace and defense stocks are undervalued, presenting an opportunity for investors amid rising global defense spending. Analyst Jason Gursky highlighted Europe’s increasing defense budgets and over $300 billion in U.S. defense allocations for the next decade, supporting modernization efforts. Lockheed Martin, Northrop Grumman, and RTX are expected to benefit from President Trump’s missile defense dome initiative. Despite recent disappointing guidance, Lockheed Martin could see a 34% upside in valuation, according to Gursky. The report underscores growing investor confidence in defense firms amid heightened global security concerns.
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