As already mentioned, that cheaper and better $PLTR (+0,35%)

$CACI (+0,14%)

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

$RTX (+0,54%) ,$LMT (+0,2%)

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

Combat aircraft & air dominance

$LMT (+0,2%) , $BA. (+2,71%)

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

Maritime strike capability

$HII (+0,13%) , $GD (+0,39%) , $BA. (+2,71%)

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

Sensors & electronic reconnaissance

$HAG (+0,52%) , $QQ. (+3,61%) , $CHRT (+0,33%) , $BA. (+2,71%)

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

Autonomous systems & drones

Almost all companies play me here. $KTOS (+1,2%) as the only drone pure play.

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

Cyber / AI & data fusion

$PLTR (+0,35%) ,$CACI (+0,14%)

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

Ground-based large-scale systems

$GD (+0,39%) ,$NOC (+0,77%) , $BA. (+2,71%)

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

Multidomain space flight

$NOC (+0,77%)

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 (+0,11%)
(drones/loitering ammunition):

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

New position $RHM (+2,01%)
(Ammunition & Platforms)

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

Increase $RTX (+0,54%)

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

Top-up $GD (+0,39%)

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?

🚨 Disclaimer: This is not investment advice; I am invested in all the stocks discussed here.

These analyses are primarily for my personal decision-making - I am happy if they also offer added value for you 🙂

Here we go already!

-

Europe's defense industry has experienced a boom since the war in Ukraine: in 2024, global military spending rose by 9.4% to a record high of USD 2.72 trillion - the sharpest increase since the Cold War.

Europe in particular increased its budgets (including Russia) by around 17%, driven by the new threat situation.

This rearmament is also benefiting US arms companies, as many European armed forces are increasingly relying on US weapons systems.

🤔 Trump 2.0 - tailwind or risk for US defense stocks?

Since Donald Trump moved back into the White House in January 2025, US defense policy has changed noticeably - with a direct impact on the defense industry and its investors.

📈 Defense spending on record course

Trump has announced a defense budget for fiscal year 2026 of over 1 trillion USD an increase of 13% compared to the previous year.

Of particular note is the ambitious "Golden Dome" project, a space-based missile defense system estimated at USD 175 billion and involving companies such as Lockheed Martin and SpaceX.

📉 Protectionism as a double-edged sword

At the same time, Trump is pursuing an aggressive trade policy:

• 10% base tariff on all imports, with higher "reciprocal" tariffs for countries with trade surpluses with the US.
• Doubling steel and aluminum tariffs to 50%, which will increase the cost of arms production in particular.

These measures could put a strain on supply chains and increase production costs for US defense companies. RTX (formerly Raytheon) expects additional costs of up to USD 850 million in 2025 alone as a result of the new tariffs.

👉 Importance of US weapons systems for Europe's defense:

Many European armed forces rely on US technology. Examples include the procurement of F-35 stealth jets (e.g. by Germany, Poland, Finland), Patriot air defense systems (e.g. by Germany, Poland) or Abrams tanks (Poland).

US systems are considered combat-proven and immediately available, which improves interoperability within NATO in Europe.

Europe benefits from US innovations (e.g. drones, missiles, fighter jets), while the USA receives stable sales markets in return.

Especially against the backdrop of the war in Ukraine and new threats (Russia, terror, unstable regions), Europe's dependence on US armaments continues to grow.

🚨 Even if Europe wants to become more "strategically autonomous" in the long term, US defense systems are irreplaceable for the foreseeable future. Anyone who wants to seriously pursue national or alliance defense needs US technology - both operationally and politically.

-

📍 Stock analysis - Fundamental & Technical

Following this overview, here are six selected US defense stocks in detail.

For each share, we look at the strategic benefits, current business figures including management outlook, key valuation ratios, analyst assessments, the attractiveness of entering the market at the current price and the dividend situation.

ℹ️ My approach to technical analysis:

My entries are usually follow-on purchases as part of a long-term buy-and-hold approach. I do not try to time tops or bottoms, but look for zones where opportunities and risks are well balanced in the long term.

👉 Important here: sometimes "doing nothing" is the best decision.

If the price doesn't reach my buyback zones - then I simply don't buy more. Patience is often a better entry trigger than actionism (especially in the case of highly volatile defense stocks).

📉 I let the market come to me - not the other way around.

-

📍 Lockheed Martin $LMT (+0,2%)

Strategic benefit:

World leader in stealth jets (F-35), missile defense, space - essential for NATO partners.

Key points:

• Q1 2025: revenue +4%, EPS $7.28, order backlog at record level ($173 bn)
• Outlook 2025: EPS $27-27.30, stable growth - focus on F-35, missiles
• Valuation: P/E ~17-18, PEG ~1.6, debt low
• Analysts: 7 Buy / 8 Hold → Moderate Buy, target price ~+8 %
• Dividend: $3.30/Q, increase for 22 years, ~2.7 % yield
• 🟡 Entry from a fundamental perspective: 6/10 - Solid basic investment, but no bargain

📈 LMT weekly chart (logarithmic) - 50 & 200-week SMA, volume profile

• Current rebound from strong support zone, supported by 200-SMA and volume profile.
• Momentum slightly positive, but no clear breakout yet
• USD 495-500 zone = key resistance
• Support stable, but risk increases significantly below USD 450
• Currently: technically neutral to slightly bullish - with potential for a breakout if volumes continue to rise
• 👉 My potential long-term post-buy zone: near the 200-SMA (currently approx. USD 450)

-

📍 RTX Corporation $RTX (+0,54%)

Strategic benefit:

Combines military systems (Patriot, missiles) with commercial aviation (Pratt & Whitney).

Key points:

• Q1 2025: revenue +5%, EPS $1.47 - but tariffs weigh $850m.
• Outlook 2025: Sales $83-84 bn, EPS $6.00-6.15 - solid but cautious
• Valuation: P/E ~22, EV/EBITDA ~18, debt increased
• Analysts: majority Buy, target price ~+5-8
• Dividend: $0.68/Q, ~2.1 % yield, >50 years of increases
• 🟢 Entry from a fundamental perspective: 7/10 - turnaround bet with aviation fantasy

📈 RTX weekly chart (logarithmic) - 50 & 200-week SMA, volume profile

• RTX is clearly moving in an overarching uptrend since the low at the end of 2023
• Bottom formation 2022-2023 was completed with high volume, breakout above USD 115 was decisive
• Consolidation above the 50-SMA is constructive - pullbacks to the USD 122/115 area would be technically healthy pullbacks
• Trend: Bullish
• Breakout above USD 139 could trigger strong new momentum as there is hardly any volume resistance
• 👉 My potential long-term post-buy zone: in zone around the 50-SMA (122-115 USD)

-

📍 General Dynamics $GD (+0,39%)

Strategic benefit:

Strong in tanks (Abrams), submarines, naval vessels - broad portfolio + Gulfstream business jets.

Key points:

• Q1 2025: revenue +14%, EPS $3.66, book-to-bill stable
• Outlook: EPS +9-10% in 2025, robust despite weaker order intake
• Valuation: P/E ratio ~15-16, debt low, PEG high
• Analysts: 8 Buy / 13 Hold → Moderate Buy, price target slightly above market
• Dividend: $1.50/Q, 28-year increase, ~2.5% yield
• 🟢 Entry from a fundamental perspective: 8/10 - undervalued, solid basis, little hype

📈 GD weekly chart (logarithmic) - 50 & 200-week SMA, volume profile

• GD is technically stabilized, but with limited momentum
• The reversal at the 200-SMA was convincing, but the subsequent rise has so far remained capped below the 50-SMA
• Trend: bullish in the long term, neutral to slightly bearish in the medium term
• Solid support at ~ USD 245 - technical basis intact
• Breakout above USD 280 necessary to spark new momentum
• 👉 My potential long-term post-buy zone: in zone around the 200-SMA (245-250 USD)

-

📍 Northrop Grumman $NOC (+0,77%)

Strategic benefit:

High-tech focus: B-21, missiles, drones, cyber & space - Key role in future conflicts.

Key points:

• Q1 2025: revenue -6.6%, EPS $6.06 (adjusted), outlook lowered
• Projects: Delays on B-21, but backlog at $92.8 bn.
• Valuation: P/E ~17-18, EV/EBITDA ~13, PEG >2
• Analysts: 12 Buy / 8 Hold, target price ~+15 %
• Dividend: $2.31/Q (+12%), 22-year increase, ~1.9% yield
• 🟡 Entry from a fundamental perspective: 6/10 - technology leader with short-term pressure

📈 NOC weekly chart (logarithmic) - 50 & 200-week SMA, volume profile

• NOC has been moving in a broad sideways channel since the end of 2022 (~ USD 440-540)
• Trend: Sideways/Based, within established range
• USD 460-465 zone = central key support, has been confirmed
• Break above USD 510 necessary to release new momentum
• Current: technically neutral with a positive trend if it holds above USD 460 - a good area to hedge
• 👉 My potential long-term post-buy zone: in the zone around the 200-SMA (USD 460-480)

-

📍 Huntington Ingalls $HII (+0,13%)

Strategic benefit:

Only US aircraft carrier builder; key role in Navy ships & nuclear-powered submarines.

Key points:

• Q1 2025: sales -2.5%, profit -2.6% - production problems (shortage of skilled workers)
• Outlook 2025: conservative, stable navy orders, focus on efficiency
• Valuation: P/E ~14-15, EV/EBITDA ~11, PEG >2
• Analysts: Hold prevails, price target ~+15%
• Dividend: $1.35/Q, ~2.5% yield, 13-year increase
• 🟡 Entry from a fundamental perspective: 5/10 - value case with operational question mark

📈 HII weekly chart (logarithmic) - 50 & 200-week SMA, volume profile

• HII is not a trend value, but has been in a large sideways structure for 5 years (approx. USD 180-270)
• The most recent recovery after falling back below USD 200 was dynamic, but there is currently no follow-up buying pressure above the 50-SMA
• The area around USD 223 (currently) has been a pivotal point in recent years - directionless but stable
• Neutral in the long term, weak below the 50-SMA in the short term
• Key zone of USD 208-210 as a technical hedge (with high volume)
• Break above USD 235 necessary to open up space to USD 260
• Currently: range-bound character, with trading opportunities within established range
• → Long-term breakout above USD 270 would be necessary to release new momentum
• 👉 Currently no additional buying planned

-

📍 CACI International $CACI (+0,14%)

Strategic benefit:

Specialist in cybersecurity, intelligence & AI - delivers digital capabilities for the modern military.

Key points:

• Q3 FY25: revenue +11.8%, book-to-bill >1, guidance raised
• Forecast 2025: EPS ~$24, sales ~$8.3 bn, strong organic growth
• Valuation: P/E ~18, EV/EBITDA ~12, PEG ~1, debt moderate
• Analysts: 20 Buy / hardly Hold - target price +20
• Dividend: None - focus on reinvestment & buybacks
• 🟢 Entry from a fundamental perspective: 8/10 - Growth story in defensive sector

📈 CACI weekly chart (logarithmic) - 50 & 200-week SMA, volume profile

• CACI was heavily overbought at the beginning of 2024, followed by a sharp setback to ~340 USD
• Rebound at the 50-SMA did not bring new high momentum → rejection with currently -7.3 %
• The large volume in the sell-off and the recovery indicate institutional activity, but also increased uncertainty
• Structure remains bullish above USD 350but shaky in the short term
• Long-term uptrend still intact, but with increased volatility
• Break above USD 460 would be technically strong - below that rather range behavior
• Current: technically neutral to weak, pullback was too steep to confirm new strength
• 👉 My potential long-term post-buy zone: Above the 200-SMA (350-370 USD)

-

🤔 Now it's your turn:

Which defense stocks do you have in your portfolio - or are you currently looking at?

Would you be interested in an analysis of European defense stocks?

-

📍 Sources:

Charts:
TradingView

• Reuters – World military spending hits $2.7 trillion in record 2024 surge
• Nasdaq/Barchart – Are Wall Street Analysts Predicting RTX Stock Will Climb or Sink?
• GovCon Wire – Lockheed Reports 4% Growth in Q1 2025 Sales
• RTT News/Nasdaq – Lockheed Martin Reaffirms FY25 Outlook
• GovCon Wire – RTX Reports $20.3B in Sales for Q1 2025
• Reuters – Rheinmetall, Lockheed Martin extend cooperation
• GD – Q1 2025 Results Press Release
• Archer/Barchart – Is Wall Street Bullish or Bearish on General Dynamics?
• Zacks/Nasdaq – Northrop Grumman Misses Q1 Earnings
• AINvest – Northrop Grumman’s Dividend Hike
• Reuters – Huntington Ingalls earnings fall on slowing volume
• Dividend.com – HII Dividend History
• Yahoo Finance – CACI Q3 2025 Earnings
• Marketscreener – CACI Analyst Consensus

Dear community I have created cash

I would like to buy more

these values are available

$PRY (+0,68%)

$KRYS (+0,53%)

$ATCO B (-0,04%)

$NBIX (+0,22%)

$CACI (+0,14%)

$4063 (+1,74%) SHIN ETSU

what do you think

$CACI (+0,14%)

CACI International Inc reported stunning results for the third quarter of fiscal 2025 , with revenue and earnings beating the Zacks Consensus Estimate and representing significant year-over-year improvements.CACI reported third-quarter non-GAAP earnings of $6.23 per share, beating the Zacks Consensus Estimate by 12.7%. Earnings rose 8.5% year over year, primarily due to higher revenues, partially offset by increased costs and higher interest expenses.CACI beat the Zacks Consensus Estimate for earnings over the past four quarters with an average surprise of 14.1%.

In the third quarter of fiscal 2025, CACI reported revenues of $2.17 billion, beating the consensus mark by 1.8%. Sales increased by 11.8% compared to the same quarter of the previous year, mainly due to organic growth of 5.6%.

CACI raises forecast for the 2025 financial year

(For everything else, see the report at the link)

https://www.zacks.com/stock/news/2454513/caci-international-surpasses-q3-earnings-revenue-estimates

$ACN (+0,7%)
$BAH (-0,07%)
$CACI (+0,14%)
$PLTR (+0,35%)

Pete Hegseth is cutting back on cloud services and IT consulting. Industry giants such as Accenture and Deloitte are affected. The money would be better invested with veterans, for example, said the minister.

San Francisco. Large IT consultancies such as Accenture and Deloitte are facing a significant drop in turnover in the USA: according to several US media outlets, Defense Secretary Pete Hegseth has ordered the termination of several IT service contracts with a total volume of 5.1 billion dollars.

In addition to Accenture and Deloitte, contracts with the consultancy Booz Allen Hamilton are also affected. This emerges from a Pentagon memo issued on Thursday evening. The Trump administration wants to save more than four billion dollars. Hegseth subsequently confirmed the process in a video published on the X platform.

"This is a great day. We are signing a memorandum that orders the termination of $5.1 billion worth of Department of Defense contracts. [...] For ancillary services such as consulting and other non-essential services," Hegseth said in the video message.

He plans to cut four IT-related contracts, all of which, according to the memorandum, "could be performed more efficiently by the highly skilled members of our Defense Department workforce with existing resources."

According to the document, one example is an Air Force contract with Accenture for the resale of third-party cloud services. According to Hegseth, the Department will save 1.4 billion dollars by terminating this contract.

In the memo, the Secretary also calls for the termination of eleven other contracts across the Pentagon that include consulting services that "support diversity, equity and inclusion (DEI), climate, Covid-19 response, and non-essential activities." The department wants to reallocate the freed-up funds to "revitalize the warrior ethos, rebuild the military and restore deterrence".

"By the way, we need that money to spend on better health care for our warfighters and their families instead of business litigation consultants that cost $500 an hour," Hegseth said in his video.

Elsewhere, the memo instructs the Pentagon's chief information officer (CIO), in "coordination" with Elon Musk's Doge savings initiative, to prepare a plan within 30 days to "in-source" IT consulting and management services for the department's civilian workforce - that is, to bring them back in-house at the Pentagon.

Also within 30 days, the CIO is to draw up a plan to negotiate "the most favorable terms" for cloud services and software so that the Pentagon "pays no more for IT services than any other company in America".

It was noticeable that the IT company Palantir, which has particularly good relations with the new Trump administration, was not mentioned. The Pentagon and several US intelligence agencies are among Palantir's most important customers. The company also works with Musk's Doge initiative.

https://www.handelsblatt.com/technik/it-internet/pentagon-us-verteidigungsminister-hegseth-kuendigt-it-vertraege-im-wert-von-51-milliarden-dollar/100121024.html

What's on your shopping list?

Mine

$PRY (+0,68%)

$CSL (+0,22%)

$BLBD (+0,21%)

repeat purchases $CACI (+0,14%)
$HIMS (+0,06%)
$TTD (+0,57%)

$DFEN (+0,49%)

Hello everyone, over the last few days I have been wondering which company could benefit the most from the enormous investments in armaments. Which company is still reasonably fairly valued and where might it still be worth entering?

However, as I have realized that there is not just one company, the question arises as to whether I should add the whole bouquet to my portfolio.

In my search for the bouquet, I looked for an index. And I came across the

MarketVector Global Defense Industry Index

came across. The MarketVector Global Defense Industry Index provides access to companies worldwide that are active in the military or defense industry.

During my further research, I then came across the

VanEck Defense UCITS ETF A. $DFEN (+0,49%) I came across the VanEck Defense UCITS ETF A.

The VanEck Defense UCITS ETF A is the only ETF that replicates the MarketVector Global Defense Industry Index. The ETF replicates the performance of the index through full replication (purchase of all index components). The dividend income in the ETF is accumulated (reinvested in the ETF).

The VanEck Defense UCITS ETF A is a very large ETF with a fund volume of EUR 2,979 million. The ETF was launched in Ireland on March 31, 2023.

Now my question would be to the ETF experts in the community.

What do you think of this ETF?

The TER (total expense ratio) of the ETF is 0.55% p.a. Is it worth these costs, there are also cheaper defense ETFs.

USA 59.33%

France 10.60%

Italy 6.84%

South Korea 4.95%

Israel 4.10%

Singapore 3.22%

Great Britain 3.05

Germany 1.09%

Other countries

The high proportion of US companies could be a disadvantage. However, when I look at the US companies, I see less of a disadvantage.

With 8.53% Palantir, the ETF offers a good opportunity to continue playing the hand and minimize the risk of the high valuation a little.

Palantir Technologies, Inc. 8.53%

Thales SA 8.07%

Booz Allen Hamilton Hldg 7.80%

Leidos Holdings 7.68%

Leonardo SpA 6.84%

Curtiss-Wright 6.78%

BWX Technologies 5.13%

CACI International 4.28%

Elbit Systems 4.10%

SAAB 3.84

The US stocks may even have an advantage now, because they have taken a beating in recent weeks. And should now slowly start to pick up again. As you can already see today

$CACI (+0,14%) and $BAH (-0,07%) recognizable today.

@Memo0606 Perhaps an alternative to Caci!

Furthermore, I still see potential in European stocks. Because Europeans want to pick these companies and it has only just begun.

I also like the fact that through the ETF you can invest in

HANWHA AEROSPA.CO (South Korea)

because unfortunately this is difficult as an individual investment.

Overview of returns

Current year +15.66%

1 month +7.15%

3 months +12.64%

6 months +37.51%

1 year +45.26%

3 years -

5 years -

Since inception (MAX) +117.66%

2024 +52,70%

Please tell me your opinion on my thesis, I look forward to your comments.

https://www.justetf.com/de/etf-profile.html?isin=IE000YYE6WK5

wish me luck

tranche bfalls it falls further will be bought again

Hello community

does anyone have an opinion on the company in terms of chart and in general?

apparently it is currently correcting

numbers were good $CACI (+0,14%)