Defense / Drones
Defense primes, drones and autonomous systems, defense electronics and government IT.
Leadership as of 2026-10-27: Lagging. Relative to SPY: 5 sessions +6.0pp, 21 sessions −2.2pp, 63 sessions −8.1pp. Participation 52%; 24 of 27 members eligible.
- 21-session excess -2.2pp
- 63-session excess -9.4pp (robust)
Economic family: Aerospace & Defense
Member companies
- Science Applications Internatio (SAIC)
- Lockheed Martin Corporation (LMT)
- National Presto Industries, Inc (NPK)
- KBR, Inc. (KBR)
- Parsons Corporation (PSN)
- Leidos Holdings, Inc. (LDOS)
- V2X, Inc. (VVX)
- Unusual Machines, Inc. (UMAC)
- Kopin Corporation (KOPN)
- General Dynamics Corporation (GD)
- Northrop Grumman Corporation (NOC)
- RTX Corporation (RTX)
- Huntington Ingalls Industries, (HII)
- Mercury Systems Inc (MRCY)
- L3Harris Technologies, Inc. (LHX)
- Leonardo DRS, Inc. (DRS)
- Ondas Inc (ONDS)
- Karman Holdings Inc. (KRMN)
- nLIGHT, Inc. (LASR)
- LightPath Technologies, Inc. (LPTH)
- Kratos Defense & Security Solut (KTOS)
- AeroVironment, Inc. (AVAV)
- Red Cat Holdings, Inc. (RCAT)
- AEVEX Corp. (AVEX)
- AIRO Group Holdings, Inc. (AIRO)
- Draganfly Inc. (DPRO)
- Syntec Optics Holdings, Inc. (OPTX)
Related themes
- Commercial Aerospace: Lagging — 21-session vs SPY −6.0pp, participation 24%
- Space: Lagging — 21-session vs SPY −20.8pp, participation 0%
- Commercial Aerospace & Aftermarket: Tracked (too few stocks for a leadership state) — 21-session vs SPY −3.1pp, participation 50%
- eVTOL / Air Mobility: Tracked (too few stocks for a leadership state) — 21-session vs SPY −15.8pp, participation 0%
- Aerospace Specialty Alloys: Exposure tag
- Satellite Communications: No price data