Key Points RTX is sitting on a $289 billion backlog. Honeywell Aerospace is a new stock from a familiar entity. Both industrial stocks are poised to benefit as defense spending escalates. 10 stocks we like better than RTX › Not-so-fun (but interesting) fact: The U.S. spends more on servicing its debt (about 15% of the overall budget) than on defense (about 13%), and it's been that way since 2024. Even if it isn't the biggest line item on the overall U.S. budget, this country allocates a mammoth amount of money to military and national security spending. Earlier this year, the White House unveiled its fiscal 2027 defense budget request, and it totaled a staggering $1.5 trillion, a 42% increase over 2026. That's just a single year's budget request.
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