Amid Northrup Grumman's (NOC) plan to acquire Orbital (OA) for $9.2 billion, TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer likes defense stocks.

"I like Lockheed Martin (LMT - Get Report) , I like Raytheon (RTN - Get Report) very much," he said. 

Watch all of Jim Cramer's latest videos, right here: