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Because a $706 billion Pentagon spending bill has been advanced by the House Appropriations Committee on a party-line vote, the aerospace and defense industry is expected to attract investors’ attention in the coming months. Furthermore, the demand for aerospace and defense equipment is increasing as several countries focus more on strengthening their defense capabilities. Investors’ interest in this space is evidenced by the iShares U.S. Aerospace & Defense ETF’s (ITA) and SPDR S&P Aerospace & Defense ETF’s (XAR) 29.1% and 36.8% returns, respectively, over the past nine months, versus the SPDR S&P 500 ETF Trust’s (SPY) 25.1% gains. The global aerospace and defense market is expected to hit $973.2 billion in 2025, growing at a 6% CAGR.
While NOC has gained 15.7% over the past nine months, BA has returned 35.6%. However, in terms of the past six months’ performance, NOC is a clear winner with 21.1% returns versus BA’s 9%. But which of these two stocks is a better pick now? Let’s find out.
