economy
March 13, 2026
Citigroup sticks by three missile and defense companies as Iran war rages
Analyst John Godyn said that the Iran war has brought the firm's buy-rated defense names to the attention of investors.
TL;DR
- Citigroup reiterates bullish stance on companies involved in mission-critical defense systems.
- Long-term investing case for defense stocks remains strong despite a recent slowdown in Iranian attacks.
- Investor attention is refocused on missile defense, munition replenishment, and counter-UAS technologies.
- Karman Holdings, a defense contractor, is highlighted for its robust EBITDA margins and visible growth.
- L3Harris Technologies' Missile Solutions business is receiving significant U.S. government investment to expand rocket motor production.
- The Pentagon's investment aims to boost production of solid rocket motors used in missiles like Tomahawks and Patriot.
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