$AVAV (+1,91%)

Hello my dears,

The acquisition of Blue Hello has broadened the company's base.

And the quarterly figures were convincing.

I remain invested here.

My dears, this is about shielding the emergency services from harmful electromagnetic radiation.

The question arises as to whether this also exists in the Bundeswehr, or whether our soldiers would be exposed to this radiation in an emergency?

Investing.com - Shares of AeroVironment Inc (NASDAQ:AVAV) surged 4% on Wednesday after the defense technology company secured a major ten-year contract from the U.S. Air Force Research Laboratory (AFRL) worth $499 million.

The Indefinite Delivery/Indefinite Quantity (IDIQ) contract, structured as a single award, is for the High-Performance Electromagnetic Spectrum Survivable Materials Advancement (HELMSSMAN) program. The program aims to develop and provide protective solutions that shield emergency personnel from harmful electromagnetic radiation.

AeroVironment has already been awarded two initial subcontracts under this contract totaling $246 million. The first contract, worth USD 98 million, focuses on the development of protective capabilities in the electromagnetic spectrum to ensure operational readiness. The second contract, worth USD 148 million, covers research into the effects of sources of electromagnetic radiation on US materials and systems and the development of countermeasures.

"As technologies advance and tactics evolve on the battlefield, AV helps forces stay one step ahead of emerging threats," said Wahid Nawabi, Chief Executive Officer of AeroVironment. Work on the program is scheduled to begin this month.

The company's R&D team in Dayton, Ohio, will utilize its expertise in developing hardened materials that protect military personnel, sensors and equipment. AeroVironment will conduct research, testing, evaluation and prototyping to advance vision protection materials and electromagnetic spectrum resilience technologies.

The contract builds on AeroVironment's previous collaboration with AFRL, which included the development of laser-hardened materials and electronic warfare solutions.

This translation was created using artificial intelligence.

https://de.investing.com/news/stock-market-news/aerovironment-erhalt-499millionendollarauftrag-der-us-air-force--aktie-legt-zu-93CH-3169567

Hello my dears,

September is over.

That's why I'd like to give you a little overview of the month.

Tops: 📉

$INOD (+2,27%)
$APP (+0,51%)
$MU (+0,29%)
$GILT (+0,86%)
$PNG (+1,7%)
$AVAV (+1,91%)
$ASML (+0,26%)

Flops: 📈

$UFPT (+0,09%)
$CAMX (+1,3%)
$TDG (+0,09%)
$CMG (+0,17%)
$TTEK (+0%)
$CPRT (+0,19%)
$CSU (+1,89%)

It was noticeable in September that there were a lot of long runners and compounders among the flops. For this reason, I am relaxed for the time being and will stick to the values.

📉

My overall portfolio closed the month up 8.64 %.

$EQQQ (-0,13%) NASDAQ 100. +4.81 %

$IWDA (-0,03%) MSCI World. +2,62 %

Hello my dears,

as I was shocked to discover while watching today's "Presseclub". The EU, and Germany in particular, is very poorly positioned when it comes to critical infrastructure, cyber attacks and drone defense. The plan here is to improve security at all costs.

Dear all, which companies do you think should benefit from this?

@EpsEra
@Multibagger

$DRO (+11,47%)
$AVAV (+1,91%)
$ESLT (+2,7%)
$EOS
$YSN (-2,85%)
$LMT (+0,16%)
$RTX (-0,11%)

$HAG (+3,74%)
$AXON (+0,26%)
$FLT (+4,11%)
$FQT (+3,29%)
$RHM (+0,67%)

Following airspace violations in Denmark and Eastern Europe, the European Union is pushing ahead with the construction of a "drone wall". What is known about the project so far.

Following several mysterious drone overflights in Denmark and repeated airspace violations by Russian drones in Eastern European countries, the EU wants to better protect its eastern flank. At the heart of the plans is a so-called "drone wall" - a defense system designed to detect, track and intercept unmanned aerial vehicles. What exactly the EU is planning, who is involved and how quickly the wall could be built: the most important questions and answers.

Who is building the drone wall?

The plans for the drone wall were presented at a video conference of EU defense ministers. The conference was mainly attended by Eastern European EU states, Bulgaria, Estonia, Latvia, Lithuania, Poland and Romania, as well as Finland. EU High Representative for Foreign Affairs Kaja Kallas, several representatives of the NATO defense alliance and the current Danish EU Council Presidency also took part. Conspicuously absent from the meeting was Germany - although security experts in this country have long warned of serious gaps in drone defense.

The EU wants to use its own financing instruments to fund this. EU Defense Industry Commissioner Kubilius spoke of a "protective shield for the eastern flank that will benefit the whole of Europe". At the same time, national defence budgets and the European defence industry are to be mobilized.

When will the drone wall be in place?

EU Defense Industry Commissioner Kubilius said in an interview with the news website Euractiv that the drone wall could be built within a year. However, EU officials do not expect the development of a comprehensive sensor network to improve airspace surveillance to be completed until the end of 2026. The development of an interception system is likely to take even longer. In the short term, additional sensors are to be installed first.

With material from the news agencies dpa and AFP

https://www.zeit.de/politik/2025-09/drohnenwall-eu-russland-drohnen-abwehrsystem-ostgrenze#wer-baut-den-drohnenwall

Dobrindt announces drone defense center

Following numerous drone sightings in Europe, the German government wants to introduce countermeasures. Interior Minister Dobrindt classifies the threat as "high" and is planning a drone defense center.

The German government wants to set up a drone defense center. This is Interior Minister Alexander Dobrindt's response to the numerous sightings of missiles of unknown origin. The CSU politician said that there was a threat that could definitely be classified as "high".

Detecting, intercepting and shooting down drones are the basis for drone defense. Repositioning is an urgent project, explained Dobrindt.

Pooling expertise

According to him, the drone defense center should bundle the competencies of the federal police, the Federal Criminal Police Office and the police authorities of the federal states. Dobrindt said he wanted to bring together expertise and initiate new research projects.

New technology for fighting drone against drone

Fighting drones with nets or by so-called "jamming" (interrupting radio signals) has limited effect, according to Dobrindt. The Minister of the Interior is focusing on developing new technologies for drone-on-drone combat: "We can't wait for others to make this available".

According to the Interior Minister, the new drone defense center is the first part of a two-pillar strategy. As the second pillar, Dobrindt announced a new version of the Aviation Security Act in order to regulate the legal basis for defense measures.

DroneVation in Vienna - Austria discusses drones & drone defense. $RHM (+0,67%)

Appropriate systems are needed for defense. The Austrian head of armaments was accordingly proud to announce that he was the first customer for Rheinmetall's Skyranger system. He was in Zurich just last week and was able to see the progress of the procurement. "I can tell you that the 3.5 cm cannon systems will arrive on time and on schedule."

Painful for the German Bundeswehr - it will have to wait longer than planned for its new Skyrangers. Austria will receive its 36 air defense turrets earlier. The German Armed Forces have selected the Pandur Evo from GDELS as the carrier platform, as the vehicle is also available in other functions in the troops.

https://defence-network.com/1-dronevation-oesterreich-diskutiert-drohnen/

$AVAV (+1,91%)

AeroVironment: Step by step towards becoming a defense tech group

One of the biggest beneficiaries of the drone trend has traditionally been the US company AeroVironment from Arlington in the US state of Virginia. Founded in 1971, the company once made a name for itself with aircraft innovations and has been taking off as a drone supplier since the 2000s. AeroVironment primarily manufactures small and medium-sized reconnaissance drones and unmanned ground vehicles. Until 2025, AeroVironment was mainly known as a drone specialist, but in May the company bought defense technology provider BlueHalo for USD 4.1 billion as part of a share swap. Thanks to this acquisition, the company is now a diversified defense company with capabilities in space, drone defense, cyber, laser weapons and satellite technology. At the end of the third quarter of the 2025 financial year, the order backlog reached a record high of USD 764 million.

https://www.n-tv.de/wirtschaft/der_boersen_tag/Milliardendeal-Kampfdrohnen-Konzern-uebernimmt-Produzenten-von-Drohnenabwehr-article25372828.html

$FLT (+4,11%)

While AeroVironment is valued at around USD 10 billion on the stock exchange, the Canadian drone specialist Volatus Aerospace, which has also been active for many years, only has a valuation of around EUR 200 million. Despite the significant difference in valuation, Volatus has also already proven that it is compatible with NATO standards. In 2025, Volatus landed NATO contracts in the areas of education and training as well as for the delivery of reconnaissance drones. Analyst Rob Goff from Ventum Capital sees these successes as indications of further potential for NATO contracts. Media reports repeatedly refer to Volatus' bulging order pipeline.

In addition to the military sector, Volatus also offers civilian solutions, for example for monitoring infrastructure such as bridges or pipelines, through to the Condor XL transport drone, with which the company intends to carry out test flights from the end of the year to test its use in the areas of logistics and forestry. Military use of such transport drones is also conceivable in principle.

$ESLT (+2,7%)

Airborne lasers - the next generation of drone defense

While the ground-based laser weapon developed in Israel has already proven its effectiveness against drones, efforts to develop an airborne system have been intensified. The airborne laser program is being led by the Israeli company Elbit Systems. Meanwhile, the lasers developed as a defensive weapon are also being considered for offensive use.

https://defence-network.com/luftgestuetzte-laser-drohnenabwehr/

Israeli drone defense for German warships?

https://marineforum.online/israelische-drohnenabwehr-fuer-deutsche-kriegsschiffe/

Drone defense: Bundeswehr receives first interceptor drones from Argus Interception

https://www.hartpunkt.de/drohnenabwehr-bundeswehr-erhaelt-erste-fangdrohnen-von-argus-interception/

https://argus-interception.com/de/

$FQT (+3,29%) Frequentis

https://getqu.in/j9ucf2/

$AXON (+0,26%) (my dears, perhaps the Kassel-based company has a good chance)

US group Axon buys Kassel-based company Dedrone

The company Dedrone discovered a gap in the market for itself with the defense against approaching drones. With great success. Now it is being taken over by an American security company. The company site in Kassel is also set to benefit from this.

https://de.dedrone.com/

https://www.hessenschau.de/wirtschaft/us-konzern-axon-kauft-kasseler-unternehmen-dedrone-v1,dedrone-verkauft-100.html

$EOS

https://esut.de/2025/08/meldungen/62305/eos-liefert-100-kw-laser-drohnenabwehr/

https://getqu.in/dd0DoN/

Echodyne launches the EchoShield Rapid Deployment Kit on the market

With the proliferation of drones in the airspace, the need to quickly deploy situational awareness zones that detect, track, identify and contain threats is increasing. The RDK is designed for quick and easy deployment of four radars for robust, high-precision hemispheric coverage. The addition of the RDK to the EchoShield portfolio creates leading positions in all areas - from fixed sites to mobile deployments (OTM) to rapidly deployable temporary missions.

About Echodyne. $NOC (+0,1%)

Echodyne, the radar platform company, is a U.S. designer and manufacturer of advanced commercial radar systems for defense, government and commercial market applications. The company combines the patented Metamaterials Electronically Scanned Array (MESA®) architecture with powerful software and machine learning to deliver highly accurate situational awareness data that locates airborne and ground-based activity with unmatched speed, accuracy and precision. Echodyne's products are proven and trusted by military, government, integrators and critical infrastructure around the world. They set a new standard for radar quality. The privately held company is headquartered in Kirkland (WA, USA) and is backed by Bill Gates, NEA, Madrona Venture Group, Baillie Gifford, Northrop Grumman and Supernal, among others. See Radar in action at Echodyne.com.

Rohde & Schwarz presents new multi-band jammer for drone defense.

(Rohde & Schwarz GmbH & Co. KG is a privately held company and therefore has no shares,)

https://www.hartpunkt.de/ardronis-effect-rohde-schwarz-praesentiert-neuen-multiband-stoersender-fuer-die-drohnenabwehr/

$AVAV (+1,91%)

My dears,

Last week, AeroVironment announced its figures.

I would therefore like to share a good article from Aktienmagazin with you.

I am still convinced and remain invested.

Shares in drone manufacturer AeroVironment gained momentum after the company reported mixed but overall better-than-expected results for the first quarter of 2026.

On Tuesday evening, AeroVironment announced adjusted earnings per share (adjusted EPS) of 32 cents on revenue of USD 455 million. Wall Street had expected 33 cents or USD 438 million. AeroVironment completed the acquisition of BlueHalo in May, which increased sales by 140% year-on-year and made comparisons difficult. Excluding BlueHalo, AeroVironment reported a 16% year-on-year increase in sales.

Solid financial forecasts and full order books

Quarterly earnings before interest, taxes, depreciation and amortization (EBITDA) came in at USD 56.6 million, exceeding the USD 50 million forecast by analysts. The order book also looked solid and amounted to USD 1.1 billion at the end of the quarter, compared to USD 727 million at the end of the April quarter.

As a result of the solid figures, the annual targets were confirmed

Management maintained most of its financial guidance for fiscal year 2026. AeroVironment expects revenue of USD 1.9 billion to USD 2 billion and earnings per share (EPS) of USD 3.60 to USD 3.70. The previous forecast issued in June envisaged revenue of USD 1.9 to 2 billion and adjusted EPS of USD 2.80 to 3.00. The EBITDA forecast remained unchanged with a range of USD 300 million to USD 320 million. There was a lot to process as a result of the BlueHalo acquisition, but investors seem to be satisfied with the adjustment.

Analysts are largely positive

Assessing the stock reaction was complicated by Russian military drones that flew into Polish airspace on Tuesday evening. However, Wall Street appears to be generally satisfied with the results. The quarter is a "solid foundation for the 2026 financial year and beyond", wrote Jefferies analyst Greg Konrad in a report on Wednesday. He forecasts sales growth of 15% for the next few years. Konrad rates the shares a "buy" and gives a price target of USD 320.

Growth through new trends

Expectations were high in the run-up to the results report. By the close of trading on 09.09.2025, AeroVironment shares had risen by around 50% since the start of the year. The US Department of Defense's increased focus on unmanned systems has boosted investor sentiment.

AeroVironment plans to capitalize on this trend. "We are pleased with the continued strength in our autonomous systems and space, cyber and directed energy businesses with record revenue and backlog," CEO Wahid Nawabi said in a press release. "AeroVironment is exceptionally well positioned to meet growing demand, thanks to our innovative solutions and manufacturing capabilities that can scale quickly to meet our customers' accelerated delivery schedules."

Here is the translation of the text with some corrections to make it more fluent and precise:

AeroVironment's AV Switchblade 600 "Loitering Munition" system reaches milestone

AeroVironment has announced that its Switchblade 600 loitering munition system has reached a significant milestone: It was air-launched for the first time from an MQ-9A Reaper unmanned aerial system.

This successful integration is an important step in the further development of air-launched precision strike capabilities. It demonstrates the versatility and extended range of the MQ-9A and the operational relevance of the Switchblade 600 in complex, multi-domain environments.

The week-long flight event, conducted in partnership with General Atomics Aeronautical Systems, showcased the seamless integration of the Switchblade 600 with the MQ-9A and highlighted the enhanced satellite communications capabilities for launch, guidance and target acquisition.

This milestone represents a major leap forward in networked, decentralized operations, enabling global command and control beyond line of sight. With this achievement, the Switchblade 600 continues to set the standard for scalable, expeditionary loitering munitions designed for current and future operational environments.

https://aktienmagazin.de/nachrichten/hot-news/der-drohnenspezialist-aerovironment-uberrascht-mit-einem-ordentlichen--153657.html

Hello my dears, @Klein-Anleger1

after the great performance in the previous months

August was unfortunately not so successful.

But September is going well again so far. And so I am YTD with + 5.04 % better than the

NASDAQ 100 + 0.16% World+ 1.14 %.

Reasons for the underperformance in August are earnings at my large position GFT and negative news at Defi Technologie.

The tariffs weighed on Embraer, and the correction in defense weighed on Kitron and AeroVironment.

Vertex's earnings were also the fly in the ointment.

Negative position: (month of August)

Defi Technology - 25.61%. $DEFI (+1,56%)

Innodata - 23.64%. $INOD (+2,27%)

Tokyo Electron - 20.95%. $8035 (+2,81%)

Vertex. - 16,38% $VRTX (+0,35%)

Aixtron. -15,53%. $AIXA (-0,6%)

Transdigm. -15,13%. $TDG (+0,09%)

Vertiv. -14,72%. $VRT (-0,02%)

Coinbase. -13,01%. $COIN (-0,2%)

AeroVironment. -11,91%. $AVAV (+1,91%)

Kitron. -7,79%. $KIT (-1,27%)

Microsoft. -7,64%. $MSFT (-0,25%)

Embraer. -4,75%. $ERJ (+1,23%)

Nvidia. -4,33%. $NVDA (+0,23%)

GFT Technology -3.67%. $GFT (-1,8%)

With so many negative positions, I am glad that I got off lightly due to my positive positions.

Plus positions: (month of August)

Gilat Satellite. +22,14%. $GILT (+0,86%)

Applovin. +18,69%. $APP (+0,51%)

NU Holdings +17.88%. $NU (+0,12%)

SoFi. +12,24%. $SOFI (+0,36%)

Alphabet. +8,95%. $GOOGL (-0,69%)

Fortescue. +8,90%. $FSUGY (+0,92%)

Hello my dears,

There are a few more figures this week.

Interesting for me is $AVAV (+1,91%)

Hello my dears,

the love @yngfinn has asked me how I find shares. I would like to share my answer with you.

@yngfinn

Hello my dear,

as I have enough positions in my portfolio at the moment, I am no longer looking so intensively for new companies. I don't trade and am more long-term oriented.

My approach is quite different.

By sector:

I often look at which sectors and areas are currently on the move. Or what the areas of the future are, such as robotics, defense and aerospace, AI, etc.

But I also look at which sectors and countries in my portfolio are undervalued.

Or also in which sectors I see a need to catch up because they have been driven down unjustifiably. Like the healthcare sector, for example 🍊.

I watch reports and documentaries. Like exploring the oceans and seas. And discovering Kraken Robotic $PNG (+1,7%) and Norbit $NORBT (+0,13%) .

https://getqu.in/Ey45a0/

After Powel's speech on Friday, for example, it would now make sense to look for real estate and homebuilders. Like Buffet did with his stock Dr. Horten $DHI (-0,05%) .

Unfortunately, the ongoing wars show the importance of drones and drone defense.

But also the increasing importance in agriculture (I have already written a post about this).

https://getqu.in/SdXvMm/

In the end, my choice here was $AVAV (+1,91%) AeroVironment. And the contract manufacturer $KIT (-1,27%) Kitron.

In the future-oriented robotics sector, I don't really want to invest in overvalued stocks such as $TSLA (+0,6%) Tesla or the contract manufacturer $JBL (-0,54%) Jabil. I see Japan as very innovative here. As shown by $7012 (-1,47%) Kawasaki shows. This is how I discovered the blade supplier $6481 (+0,86%) THK (there was a post from me about this).

https://getqu.in/fZudqX/

By country:

When Iran attacked Israel, I took advantage of the dip and picked Israeli stocks.

For example, I discovered Gilat $GILT (+0,86%) for example.

But as a long-term investor, I still see the USA in the lead. I also like to take a look at small and mid caps.

But I also often look at countries that are not quite so much in focus. Scandinavia or Italy.

I have found $LTMC (+0,32%) Lottomatica and $CAMX (+1,3%) Camurus.

I often only look at the companies by momentum from the various indices in these countries.

By company:

I also often look at which companies are currently the stars on the stock market. Like Rheinmetall, for example, but then I don't go into the overvalued shares, but look for suppliers, i.e. blade suppliers. That's how I came across Kitron $KIT (-1,27%) for example. Kitron as a contract manufacturer for the defense sector.

Or when Novo Nordisk was still a star, I discovered the Novo supplier $YPSN (+0,49%) discovered.

Nvidia supplier $HY9H (+11,85%) sk Hynix.

Where is the capex of the companies going?

Based on this question, I came across the AI infrastructure companies $IESC (+0,6%) IES Holding and $VRT (-0,02%) Vertiv.

The weakness of one company makes other companies strong.

The weakness of Boeing makes $AIR (+1,08%) and $ERJ (+1,23%) strong. That's how I came across Embraer and $MTX (+1,07%) MTU.

https://getqu.in/4hiSbt/

Research and reports, such as on coinbase $COIN (-0,2%) (CAUTION never buy based on a story).

https://getqu.in/OIiwhP/

Good company figures with a growth story could also be a reason. As for example with $GILD (+0,28%) Gilead.

https://getqu.in/iF8BDY/

Takeover fantasies:

Takeover rumors usually mean that the share price of the company to be taken over rises.

As was the case with $AWE (-0,57%) Alphawave was the case.

https://getqu.in/1NPNWI/

Or with Iveco $IVG (-0,05%)

https://getqu.in/WJnLFp/

https://getqu.in/VnK4Xk/

CAUTION: Something can always go wrong here and send the share price plummeting.

I experienced this myself with i robot when the UK did not agree to a takeover by Amazon.

No matter in which area. My approach is usually to pick out the momentum stocks. I then look at the multiples, news, order situation and, of course, the company.

Compounders and long-term runners:

In my core, I only invest in quality stocks with a moat.

Here it makes sense not to buy at the ATH, but on the dip.

Multiples:

What is important to me with multiples:

-profitable company, or in the next year

Profitable.

Preferably double-digit profit growth with a falling P/E ratio.

-Percentage profit growth is higher than sales growth.

-good and rising EbiT margin.

-PEG below or around 1

-increasing free cash flow taking into account capex.

My dears,

I hope my brief summary of my approach perhaps offers you a little added value.

Please let me know in the comments.

Suggestions for improvement are also welcome. 😘😘

I've been thinking for some time now about which drone manufacturer I want to buy in the long term.

After I $ALDR (-4,81%) sold with a profit of around 30%, and $DRO (+11,47%) is a bit too one-sided for me, $AVAV (+1,91%) I can't afford😉, so I decided on an all-rounder and yesterday I added the first position from $ONDS (+8,25%) into the portfolio yesterday.

Hello my dears,

there was no scandal in the meeting just now.

🍊 praised the superiority of the US defense industry, especially the Patriot system. It is an important air defense system and is used by various countries, including the Bundeswehr.

Dear ones, are you invested in US defense companies, or where do you see potential?

I myself am invested in $AVAV (+1,91%) and $TDG (+0,09%) invested.

I find the following interesting $LHX (-0,12%)

The claim that the US has the best defense industry is widespread and is supported by various factors. The US is not only the largest arms exporter in the world, but also the largest arms manufacturer and buyer. The US defense industry is known for its technological superiority, large production capacity and global reach.

Size and scope:

The US has a huge and diversified defense industry with numerous large corporations producing both weapons, ammunition and complex weapons systems.

Technological superiority:

US companies are often leaders in the development and manufacture of advanced technologies for military applications, such as stealth technology, drones and cyber weapons.

High military spending:

The US's huge military spending allows for continuous research and development of new weapons systems and massive production of existing systems.

Global market leadership:

The US is the largest arms exporter in the world and supplies a large number of countries with its products.

Leading defense contractors:

US companies such as Lockheed Martin, Boeing and Raytheon are among the largest and most influential defense contractors in the world.

I wanted to give you a little update on my current defense portfolio and the planned changes.

📍Status Quo:

📍Capability areas and benefits for the portfolio:

Air & missile defense

$RTX (-0,11%) ,$LMT (+0,16%)

Patriot, PAC-3, THAAD - core systems for the protection of cities, bases and fleets

Combat aircraft & air dominance

$LMT (+0,16%) , $BA. (-0,04%)

F-35 program (LMT), Eurofighter Typhoon, future Tempest/FCAS

Maritime strike capability

$HII (-0,15%) , $GD (+0,48%) , $BA. (-0,04%)

Nuclear submarines (Virginia, Astute), Type-26 frigates, combat systems

Sensors & electronic reconnaissance

$HAG (+3,74%) , $QQ. (-0,48%) , $CHRT (-1,55%) , $BA. (-0,04%)

AESA radars, ESM/ECM, BAE Raven ES-05 radar

Autonomous systems & drones

Almost all companies play me here. $KTOS (+0,79%) as the only drone pure play.

Unmanned jets (XQ-58) and tactical UAS - rapidly growing budget item

Cyber / AI & data fusion

$PLTR (-0,56%) ,$CACI (-0,18%)

AI-supported command and control systems (PLTR Gotham/Apollo) and US government IT services

Ground-based large-scale systems

$GD (+0,48%) ,$NOC (+0,1%) , $BA. (-0,04%)

Abrams modernizations, artillery rockets and ground-based sensors, CV90-IFV, M109 howitzers

Multidomain space flight

$NOC (+0,1%)

US nuclear deterrence - from delivery systems to warning and command and control networks

💰Realized partial sales at $HAG and $PLTR

I had already reduced $HAG and $PLTR by 50% each this year with large gains (+651% and +346%):

The valuations of both companies are currently extremely sporty.

PLTR

Trailing P/E ratio (TTM): 580 - 590x

Forward P/E ratio: ~240x

Price-to-sales: >100x

HAG

Trailing P/E ratio (TTM): 120 - 130x

Forward P/E ratio: ~80x

Price-to-sales: >5x

I will nevertheless remain invested in both positions for the time being. Mainly because I currently see no significant change in the underlying investment story.

Position sizes are relativized by new planned purchases and the concentration risk falls from 34% → 25% of the sleeve.

📊Planned adjustments:

❓Why these changes?

New position$AVAV (+1,91%)
(drones/loitering ammunition):

Covers the fastest growing budget line (attritable UAS), which was previously barely represented.

New position $RHM (+0,67%)
(Ammunition & Platforms)

Adds the "155 mm grenades" bottleneck and European land systems to the portfolio; beneficiary of EU armament.

Increase $RTX (-0,11%)

Most favorable US prime (forward P/E ≈ 25), high visibility in air/missile defense systems.

Top-up $GD (+0,48%)

Diversified towards submarines, ground vehicles and ammunition; reliable free cash flow.

📉Planned, staggered entries:

$AVAV: $220 - $185

$RHM: €1550 - €1450

$RTX: $125 - $120

$GD: $285 - $270

🤔 What does your portfolio look like?

Which defense stocks do you hold and why?