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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
51	51 nLIGHT LASR $1.97B	142	+2	+1%	$409M
52	52 DELISTED Kaman Corp KAMN	140	-4	-3%	$474M
53	53 Comtech Telecommunications CMTL $44.3M	128	-21	-14%	$178M
54	54 Leonardo DRS DRS $9.45B	126	+9	+8%	$822M
55	55 Ducommun DCO $2.53B	122	-13	-10%	$565M
56	56 National Presto Industries NPK $1.05B	117	-2	-2%	$294M
57	57 DELISTED Terran Orbital Corporation LLAP	108	+22	+26%	$64.7M
58	58 Luxfer Holdings LXFR $466M	102	+2	+2%	$327M
59	59 Cognyte Software CGNT $637M	98	+1	+1%	$221M
60	60 Telos TLS $316M	96	-10	-9%	$95.6M
61	61 DHI Group DHX $216M	90	0	0%	$101M
62	62 BlackSky Technology BKSY $719M	89	+3	+3%	$46M
63	63 908 Devices MASS $491M	83	-2	-2%	$141M
64	64 Kopin KOPN $670M	78	0	0%	$36.7M
65	65 BigBear.ai BBAI $1.08B	73	+10	+16%	$18.8M
66	66 American Superconductor AMSC $1.26B	72	-5	-6%	$100M
67	67 Gilat Satellite Networks GILT $616M	72	+3	+4%	$123M
68	68 ARK Space & Defense Innovation ETF ARKX $709M	68	+6	+10%	$15.4M
69	69 Graham Corp GHM $825M	68	+8	+13%	$124M
70	EMAN 70 DELISTED eMagin Corporation EMAN	63	+14	+29%	$40.5M
71	71 DELISTED Emcore Corp EMKR	61	-3	-5%	$17.4M
72	72 Kodiak AI KDK $323M	58	+19	+49%	$399M
73	73 Genasys GNSS $55.6M	55	+6	+12%	$37.4M
74	74 Redwire RDW $2.15B	55	-1	-2%	$13.6M
75	75 Ondas Inc ONDS $3.62B	50	-9	-15%	$4.2M