Better Defense Stock: General Dynamics vs. United Technologies

General Dynamics (NYSE:GD) and United Technologies (NYSE:UTX) are both members of a highly exclusive club: They are Dividend Champions. That means they’ve increased their dividend annually for at least 25 consecutive years — a feat few companies manage to achieve. That should put these two on the radar of any investor looking to own a defense stock. But is one of these two Champions a better option today? 

1. Size and reach

General Dynamics and United Technologies both sell to the U.S. military. This business, largely speaking, has one main customer: the United States government. Even when a defense company sells its wares to foreign countries it has to get approval from Uncle Sam before doing so. From a customer standpoint, then, defense operations don’t have much diversification. more

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