With global defense spending slated to continue growing at a steady pace, here are three defense stocks for investors to scoop up in August. Expand NYSE : LMT Lockheed Martin Today's Change ( 2.76 %) $ 16.25 Current Price $ 604.20 Key Data Points Market Cap $136B Market cap calculated using publicly traded shares outstanding only. Because aircraft engines require continuous maintenance and upgrades throughout their lifecycle, this business provides GE Aerospace with steady recurring cash flow. Expand NYSE : GE GE Aerospace Today's Change ( -1.05 %) $ -3.89 Current Price $ 366.19 Key Data Points Market Cap $384B Market cap calculated using publicly traded shares outstanding only. For aggressive investors willing to tolerate the risk, Red Cat, down 57% from its 52-week high, is an intriguing growth defense stock to scoop up today.