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Cramer's top defense industry stocks

CNBC's Jim Cramer on Wednesday turned his attention to the industrial goods sector, revealing his favorite stocks in the aerospace and defense industry right now.

Jim Cramer
Adam Jeffery | CNBC
Jim Cramer

Alliant Techsystems: "You want to buy Alliant Tech. They do bullets. Stock's been down ever since the wind down of wars," Cramer said on "Squawk on the Street."

Raytheon: "Raytheon does the best missile work," Cramer said of the U.S. weapons maker.

Lockheed Martin: The company behind many of the U.S. Air Force's bombers is also the Pentagon's biggest supplier.

"Lockheed Martin has got a very good dividend. Lockheed Martin is always going to be in the mix," Cramer said.

Northrop Grumman: In addition to making bombers, this company has a "terrific" cybersecurity business, Cramer said. But its unmanned drone business is Northrop's bread and butter, he said.

"They are the unmanned [drone] company to buy. A lot of this is going to have to be unmanned [because] the president doesn't want to put boots on the ground," he said.

Finally, Cramer left investors with a word of caution about the defense sector: "Stay away fromAeroVironment. They did miss the quarter."

—By CNBC's Drew Sandholm

DISCLOSURE: When this story was published, Cramer's charitable trust did not own AeroVironment, Alliant Techsystems, Lockheed Martin, Northrop Grumman, or Raytheon.