Defense stocks soared in July, with many gaining double-digit figures ranging from 10% to 18%. Good results drive the moves, and the demand trends suggest that business will stay good. A trend in escalated global tensions, ongoing conflicts in Ukraine and the Middle East, and re-armification pushed global defense spending up by 6.8% in 2023, hitting an all-time high. Spending in 2024 is escalating, accelerating the growth to double-digits, as seen in defense stock results. Get Lockheed Martin alerts:Defense ...