3 US Defense Stocks Tied To Shipyard Spending Investors Should Watch

Anduril’s new U.S. Navy deal, worth up to US$2.9b, and its planned US$3.7b shipyard at Sparrows Point are not just headline moments. They reshape how money, influence, and capacity move through the submarine supply chain. That shift can ripple into listed defense systems integrators and infrastructure builders. This article walks through three stocks exposed to that news and explains why their stories now deserve a closer look from investors.

The stocks below are just a starting sample. The full screen surfaced 32 more U.S. Defense Systems Integrators & Infrastructure Builders with equally compelling narratives that are not covered here.

Identify and analyze the highest-conviction opportunities by going straight to the U.S. Defense Systems Integrators & Infrastructure Builders screener.

Granite Construction (GVA)

Overview: Granite Construction is a U.S. infrastructure builder that handles heavy civil projects across roads, ports, marine works, tunnels, energy and industrial sites.

Operations: Granite generates about US$4.1b from Construction and US$1.2b from Materials, with intersegment eliminations of roughly US$0.4b.

Market Cap: US$5.2b

Granite Construction matters in this screen because its heavy civil and marine capabilities position it to work on port and shipyard style infrastructure that underpins naval and submarine programs.

"U.S. public infrastructure programs still have a meaningful pool of unspent transportation funding, and proposals for successor legislation are expected to keep formula-based spending elevated. This can support Granite Construction revenue growth and utilization of its record construction portfolio."

The real swing factor is how one shift in contract mix and project selection ultimately feeds through to earnings quality and margins.

That margin story only really comes into focus when you read the full narrative for Granite Construction. This unpacks how contract mix could be quietly reshaping Granite Construction’s earnings power.

AECOM (ACM)

Overview: AECOM is a global infrastructure consultant that plans, designs, and manages large government projects, including naval bases and shipyard upgrades.

Operations: AECOM generates about US$11.8b from its Americas segment and US$3.6b from International, with most activity tied to U.S. clients.

Market Cap: US$7.7b

AECOM matters for this defense-focused screen because it often sits at the planning table when governments redesign ports, shipyards, and support infrastructure that keep naval and submarine programs moving.

"A legacy Construction Management project created a $337 million hole in reported profitability."

What investors really need to watch is how one quietly shifting mix inside AECOM’s high-margin design engine eventually flows through to earnings power.

That internal shift is exactly what the full narrative unpacks. Read the full narrative for AECOM to see how that legacy hit may be masking a stronger core.

Curtiss-Wright (CW)

Overview: Curtiss-Wright supplies engineered components, electronics, and propulsion equipment for aerospace, defense, and naval platforms, linking directly into submarine and shipbuilding programs.

Operations: Curtiss-Wright generates about US$1.6b from Naval & Power, US$1.0b from Aerospace & Industrial, and US$1.0b from Defense Electronics, with small intersegment eliminations.

Market Cap: US$20.2b

Curtiss-Wright matters here because its Naval & Power and defense electronics work plugs directly into the same submarine and shipyard ecosystem that Anduril’s new capacity is aiming to support.

"Surging global defense budgets, increased geopolitical risk, and higher international military spending expectations are still feeding into Curtiss-Wright’s growing content across roughly 400 defense platforms."

The real sensitivity for Curtiss-Wright now sits in how one shift inside that defense-heavy backlog eventually filters through to long term margins.

That margin puzzle is exactly what the full narrative for Curtiss-Wright unpacks, showing how Curtiss-Wright’s defense backlog, pricing power, and program mix could be quietly decoupling earnings from headline spending cycles.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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