Russia's Invasion of Ukraine: A Multi-Year Tailwind

Russia's invasion of Ukraine will be a multi-year tailwind for the defense contractors, even if the war somehow ends tomorrow. We're going to have to spend a fortune just to rebuild our stockpiles. Even if we ultimately get a spending deal that includes a big hit to the defense budget like in 2011, the defense contractors can still beat the market. It happened before, and I bet it happens again.