Politically, the U.S. military industrial complex is sacrosanct. It is, for lack of a better phrase, the ultimate trump card. Transcending all other chess pieces invoking race, gender, religion, or any number of social identities, no one dares say anything even remotely critical of the military. Just for that reason alone, Boeing Co (NYSE:BA) — specifically, its defense division — is virtually untouchable.

This sentiment for BA stock and defense-related investments is exponentially multiplied in the present geopolitical climate.

I’ve got news for you — Russia is not our friend, and probably never will be. Of all the talk emanating from the White House, and curiously, several Republicans, I’m left with a basic question: Since when did friends ever point nuclear warheads at each other?

Make no mistake about it, folks! We’re in a cold war. In fact, I don’t think we’ve ever left it. Since the end of World War II, the U.S. has waged a proxy war against the Russians. Even today in the global war against terror, our military operators confront terrorists armed with Russian weaponry. Bluntly speaking, our military industrial complex is in the business of destroying Russia. And as long as Russia exists, so too will demand for BA stock.

Please don’t hate me for telling it like it is. I’m sure whatever is the Russian equivalent of Boeing stock is being yakked up by whatever is the Russian equivalent of InvestorPlace. All I’m saying is that ignoring the giant, pink elephant in the room may earn political points, but it’s not helpful profitability wise.

Of course, BA stock is more than just Russia, Russia, Russia! Boeing enjoys tailwinds that have almost nothing to do with Russians.

Instability May Spell Dollars for BA stock

The most recent military-based catalyst is the Saudi Arabia arms deal that President Trump sealed. Worth nearly $110 billion — and the potential to boom to $350 billion — the White House characterized the contract as “a significant expansion of security relationship” between the two countries.

Although Lockheed Martin Corporation (NYSE:LMT) stands to gain the most from the arrangement, Boeing signed a significant amount of its own deals. In particular, BA stock could get a “two-fer” benefit from its passenger and military aircraft sales. With Raytheon Company (NYSE:RTN) planning to setup a Saudi division, the potential for BA to do more business in the Middle East is far likely than not.

President Trump’s visit to the holy lands of the world’s leading monotheistic religions has highlighted an inescapable undercurrent: the U.S. military industrial complex has no shortage of conflicts to exploit. Along with our perpetual game of one-upmanship with Russia, the Trump administration caused waves when it attacked Syrian military targets. On top of that, we’ve launched fierce rhetoric against North Korea.

During the campaign trail, Trump has repeatedly accused former President Obama of weakening America’s status on the world stage. Now, the tycoon has the keys to the car, and many American adversaries are egging him on. However this plays out, I imagine Boeing stock investors will at least be happy with their returns.

Boeing’s Civilian Business Is Not to Be Overlooked

With so much turmoil — or is that opportunity? — it’s easy to forget that BA stock is largely a civilian aerospace business. As InvestorPlace contributor Aaron Levitt points out in his cautious approval for Boeing, “not even a third of its revenues come from military warplanes and equipment.” Later, he rightfully states that “The 737 Max and Dreamliner are still driving the show.”

By no means is this a bad thing. War is business and business is war. On both fronts, Boeing stock is a competitive player. Wherever they find opportunity, management has integrated production efficiencies and cost-cutting efforts. The end result is a company that is increasingly cash-flow rich.

Mr. Levitt writes, “That cash is being used to buy back an impressive amount of stock, as well as juice the dividend. Boeing amped up its quarterly payout by 30% earlier in 2017 to $1.42 per share, and over the past decade, the dividend has ballooned by 255%.”

And let’s not forget that the airline industry is becoming just as sacrosanct as the military. This is a sector where you can beat the snot out of your customers and have your securities soar to all-time highs! United Continental Holdings Inc (NYSE:UAL) is a name I’ll be thinking about for a long time because I got it so wrong. I have to admit, though, that such untouchable sector bullishness is ultimately a giant positive for BA stock.

So here it is: Whether killing bad guys or transporting good guys, Boeing stock is flying the very friendly skies. Yes, it’s trading at a premium likely from the two major tailwinds. But under President Trump, BA stock may be the closest thing to a sure bet.

As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities.