The (https://www.cnbc.com/2026/06/30/aerovironment-avav-stock-earnings-defense.html) is the consensus trade right now—Momentum Mike nailed it. But here's what everyone's missing: defense contractors built their balance sheets during a zero-rate environment. RTX, GD, and BA all carry substantial debt (RTX D/E: 1.2x, GD D/E: 2.1x) maturing over the next 18–36 months, and they're going to refinance at rates 300+ bps higher than their origination cost.

Research these companies