If you’re wondering why defense stocks are in full focus today, look to the current events section of your favorite news source. The U.S. House of Representatives has voted in favor of passing the National Defense Authorization Act (NDAA), a bill that will provide an additional $886 million for defense-related purposes. Its passing will ensure additional aid for Ukraine and potential action against China, should it be deemed necessary. The bill received strong bipartisan support, first passing the Senate with an 87 to 13 vote on Wednesday and then passing with a House vote of 310 to 118 yesterday. That’s more than the two-thirds…
Record $886 Billion Defense Policy Bill Will Lift Defense Stocks in 2024
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