With Russia’s invasion of Ukraine, U.S. defense stocks could soar.

All with defense spending likely to rise.

For one, according to Todd Harrison, director for budget analysis at the Center for Strategic and International Studies, as quoted by Defense One, “The political reality is that the Russian incursion in Ukraine has created much more support for an increase in the defense budget. At a minimum, I think [Democrats] won’t oppose it because it’s hard to, politically, at this point given what we’re seeing.”

Two, Reuters is also reporting the Biden Administration is expected to request another $800 billion for overall defense spending, including $773 billion for the Defense Department.

That being said, investors may want to consider these three opportunities.

iShares U.S. Aerospace & Defense ETF (ITA)

With an expense ratio of 0.42%, the ETF provides exposure to companies that manufacture commercial and military aircrafts and other defense equipment, according to BlackRock. Some of its top holdings include Raytheon Technologies (RTX), Boeing (BA), Lockheed Martin (LMT), L3Harris Technologies (LHX), and General Dynamics (GD), for example.