Citigroup sticks by three missile and defense companies as Iran war rages
By Pia Singh
Published on March 13, 2026.
The U.S.-Israeli joint military campaign against Iran has highlighted the importance of drone and missile technologies, leading Citigroup analysts to reiterate their bullish views on companies involved in mission-critical defense systems. Despite a recent slowdown in Iranian missile and drone attacks, Citigroup maintains the long-term investing case in defense plays remains intact. Analyst John Godyn highlighted Karman Holdings, L3Harris Technologies, and RTX, which went public in February 2025, as well as L3 Harris. Both companies have reported strong growth and demand respectively.
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