Defence stocks seem to be slowing down quite a bit.
I believe that European companies like $BA. (+0.35%) BAE Systems and, for example, $LDO (+0.48%) Leonardo or $HO (-2.1%) Thales are broadly positioned. They could be interesting for the areas of defence, space tech, drones, propulsion technology and cyber security.
Where do you see European and non-European defence stocks heading in the near future?
Imo depending on how the are position towards the fast growing space sector. But not only for defense purposes. Also commercial usecases will be important. Like $BA. for example who seem to be well prepared with their spave and mission branch. This year's acquisition of Ball Aerospace is one important building block for their strategy. If they will succeed we don't know yet. But for me it is one reason why I added them to my portfolio.
