Weapons

These Top Defense Stocks Have Been Tipped To Go Hypersonic

Defense giants Lockheed Martin (LMT), Raytheon (RTN), Northrop Grumman (NOC) and Boeing(BA), as well as Kratos (KTOS) and Aerojet Rocketdyne (AJRD), have all been tipped to benefit from the emergence of hypersonic weapons by a Wall Street analyst.

Analysts believe that hypersonic weapons have the potential to be the most disruptive battlefield technology since the advent of stealth. According to JPMorgan Vice President Seth Seifman, their importance has "grown substantially" due to aggressive investment by U.S. rivals China and Russia.Budget dollars pouring into hypersonic weapons should soar from around $400 million in fiscal 2018 to $1.5 billion fiscal 2019, he estimated, adding that while sales are still modest, they should shoot up to more than $5 billion by the mid-2020s and "perhaps significantly more."