So even with the U.S. cutting down on its military presence and slashing spending, others countries will help support aerospace and defense stocks, which Cramer argues could break out in 2015.
“The world is re-arming,” Cramer added. “We are pretty much the only companies that still make arms in sufficient quantity and size to give you security if you are a threatened regime.”
iShares U.S. Aerospace & Defense ETF
For more information on the defense industry, visit our aerospace & defense category.
Max Chen contributed to this article.