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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
76	76 Airship AI Holdings AISP $72.3M	73	+18	+33%	$37.6M
77	77 M-tron Industries MPTI $290M	70	+14	+25%	$57.4M
78	78 TAT Technologies TATT $413M	68	+33	+94%	$220M
79	79 QuickLogic QUIK $174M	67	-8	-11%	$24.6M
80	80 DHI Group DHX $213M	64	-3	-4%	$88.3M
81	81 Ultralife ULBI $101M	63	-7	-10%	$50.4M
82	82 Comtech Telecommunications CMTL $38.4M	62	-1	-2%	$28.5M
83	83 Kodiak AI KDK $313M	60	+3	+5%	$503M
84	84 Bel Fuse Inc Class A BELFA $2.6B	59	+3	+5%	$81.7M
85	85 Unusual Machines UMAC $886M	52	+21	+68%	$31.7M
86	86 Genasys GNSS $56.9M	51	-15	-23%	$40.9M
87	87 Taylor Devices TAYD $176M	50	-1	-2%	$46.3M
88	88 Espey Mfg & Electronics Corp ESP $162M	49	+15	+44%	$30.8M
89	89 Ocean Power Technologies OPTT $5.92M	44	+1	+2%	$7.43M
90	90 Merlin Inc MRLN $111M	43	+8	+23%	$244M
91	91 Lightpath Technologies LPTH $555M	42	+2	+5%	$50M
92	92 One Stop Systems OSS $161M	39	+6	+18%	$22.8M
93	93 Coda Octopus Group CODA $112M	37	+4	+12%	$11.9M
94	94 Castellum CTM $54.8M	33	+8	+32%	$7.3M
95	95 CPI Aerostructures CVU $66.2M	33	0	0%	$7.08M
96	96 Optex Systems OPXS $69.9M	30	+5	+20%	$18.9M
97	97 AIRO Group Holdings AIRO $171M	29	+29	–	$86.5M
98	98 AgEagle Aerial Systems UAVS $45.2M	26	+9	+53%	$960K
99	99 Mobix Labs MOBX $13.3M	24	-1	-4%	$6.47M
100	100 Nauticus Robotics KITT $1.59M	22	+3	+16%	$1.66M