We have listed six defense companies below that look like turnaround stock candidates, including a few specialized and smaller companies. 6 Out-of-Favor Defense Stocks General Dynamics (GD) – General Dynamics is one of the primes, with a focus on naval combat vessels, land-based combat vehicles and ordinance, and a range of communications and other systems. The company is the prime contractor for the Navy's Columbia-class nuclear submarine, which will continue into the 2040s. Its M1 Abrams tank contract and the Bradley Fighting Vehicles likely have many more years ahead. A key segment, and a driver of its shares, is its valuable Gulfstream business jet franchise (which also produces jets for the military) that dominates its industry with a 50% market share. Gulfstream should rebound from its pandemic-related weakness and its introduction of the new G700 next year. Lucrative aftermarket revenues are as much as 25% of this segment's sales.