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Defense Modernization

Defense modernization covers the rearmament and technology refresh underway as governments raise military budgets and restock depleted inventories. Contracts are long, funded, and relatively insensitive to the economic cycle.

163 stocks

Defense Tech & C4ISR Drones & Counter-Drone Military Shipbuilding Munitions Restocking

#	Name	Funds holding	Growth	Growth %	Fund value
26	26 HEICO Corp Class A HEI.A $31.4B	290	+9	+3%	$6.33B
27	27 Mercury Systems MRCY $4.61B	285	+9	+3%	$4.38B
28	28 BWX Technologies BWXT $12.3B	274	+12	+5%	$5.8B
29	AJRD 29 DELISTED Aerojet Rocketdyne Holdings AJRD	256	+29	+13%	$4.37B
30	30 KBR KBR $4.44B	252	+16	+7%	$3.47B
31	31 COPT Defense Properties CDP $3.77B	243	-13	-5%	$3.17B
32	32 Moog Inc Class A MOG.A $11.7B	231	0	0%	$2.49B
33	33 Kratos Defense & Security Solutions KTOS $7.38B	224	+17	+8%	$1.68B
34	34 Viasat VSAT $8.5B	223	-25	-10%	$4.06B
35	MANT 35 DELISTED Mantech International Corp MANT	199	+9	+5%	$1.9B
36	36 AeroVironment AVAV $6.13B	195	+7	+4%	$1.11B
37	37 ESCO Technologies ESE $6.67B	194	+13	+7%	$1.95B
38	38 CAE Inc CAE $7.48B	191	-2	-1%	$3.46B
39	39 DELISTED Kaman Corp KAMN	187	+6	+3%	$1.52B
40	40 TTM Technologies TTMI $10.9B	183	0	0%	$1.42B
41	41 AAR Corp AIR $3.9B	179	-4	-2%	$1.35B
42	42 Comtech Telecommunications CMTL $38.4M	178	+10	+6%	$682M
43	43 DELISTED Triumph Group TGI	170	-2	-1%	$1.17B
44	44 V2X VVX $2.14B	165	-2	-1%	$415M
45	45 MACOM Technology Solutions MTSI $22.2B	159	+3	+2%	$1.06B
46	46 DELISTED CIRCOR International, Inc CIR	141	+6	+4%	$749M
47	47 Embraer S.A. ADS EMBJ $12.7B	138	+4	+3%	$1.41B
48	48 National Presto Industries NPK $1.04B	132	-5	-4%	$454M
49	49 Elbit Systems ESLT $32.9B	129	+3	+2%	$620M
50	50 Ducommun DCO $2.54B	126	+1	+0.8%	$407M