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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 American Superconductor AMSC $1.21B	155	+27	+21%	$636M
52	52 National Presto Industries NPK $1.05B	152	+10	+7%	$304M
53	53 nLIGHT LASR $1.96B	144	+6	+4%	$441M
54	54 Ducommun DCO $2.54B	135	+7	+5%	$665M
55	55 Loar Holdings LOAR $5.78B	117	+117	–	$2.9B
56	56 Cognyte Software CGNT $637M	114	+3	+3%	$306M
57	57 Luxfer Holdings LXFR $466M	113	+8	+8%	$281M
58	58 Telos TLS $317M	112	-4	-3%	$182M
59	59 Graham Corp GHM $813M	104	+12	+13%	$230M
60	60 Comtech Telecommunications CMTL $37.2M	100	-11	-10%	$46.6M
61	61 DELISTED Terran Orbital Corporation LLAP	97	-12	-11%	$48.9M
62	62 BigBear.ai BBAI $1.06B	93	-5	-5%	$31.7M
63	63 BlackSky Technology BKSY $720M	90	+3	+3%	$39.2M
64	64 908 Devices MASS $487M	90	+15	+20%	$100M
65	65 Kopin KOPN $666M	86	-36	-30%	$19.1M
66	66 DHI Group DHX $216M	84	-1	-1%	$67.5M
67	67 Redwire RDW $2.1B	79	+7	+10%	$60.9M
68	68 Gilat Satellite Networks GILT $612M	76	+10	+15%	$81M
69	69 QuickLogic QUIK $168M	73	+1	+1%	$46.6M
70	70 Ultralife ULBI $100M	72	+10	+16%	$64.4M
71	71 ARK Space & Defense Innovation ETF ARKX $706M	64	-3	-4%	$16.1M
72	72 Kodiak AI KDK $313M	58	+5	+9%	$455M
73	73 Taylor Devices TAYD $177M	51	+12	+31%	$45.7M
74	74 Genasys GNSS $55.6M	46	-1	-2%	$35.5M
75	75 Ondas Inc ONDS $3.52B	44	0	0%	$3.48M