Cramer's 'Mad Money' Recap: Raytheon Roars

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Investors should put their money in bull markets with staying power, Jim Cramer told viewers of his "Mad Money" TV show Tuesday.

Cramer said he identified five of these bull markets in his new book, Stay Mad for Life, but the one he took time to discuss on the show was the aerospace and defense sector.

In particular, he devoted his attention to one defense stock: Raytheon (RTN Quote - Cramer on RTN - Stock Picks), a company that makes a lot of high-tech defensive gear, particularly missiles.

He said Raytheon and other defense contractors are doing well because the U.S. has become the arms merchant to the world. He also said Republicans love to spend money on defense while the Democrats also support defense spending because they desperately want to look tough.

Right now defense stocks are great because they are the "ultimate defense" in a slowing economy, Cramer said. They have nothing to do with subprime or CDOs, and "regardless of how the economy is doing, these are the darlings of Wall Street," he said.

Investors can see years into the future how much money these companies are going to make because of long, drawn-out government contracts, he said.

Cramer noted he's already recommended General Dynamics (GD Quote - Cramer on GD - Stock Picks), Alliant Techsystems (ATK Quote - Cramer on ATK - Stock Picks), L-3 Communications (LLL Quote - Cramer on LLL - Stock Picks) and Lockheed Martin (LMT Quote - Cramer on LMT - Stock Picks), all of which are up.

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