$OSK

$LMT (+1,11%)
$NOC (-0,02%)
$RTX (-0,18%)
$BA (-1,28%)

Oshkosh Defense, a division of the financially strong $OSK (+0,9%) Corporation with an annual turnover of over 10.3 billion US dollars, announced on Wednesday that it had received a contract from the U.S. Army worth 89 million US dollars.

The order includes new Palletized Load System (PLS) A2 vehicles, kits and installations under the Family of Heavy Tactical Vehicles contract.

According to Investing.com, the company has strong liquidity, with current assets exceeding current liabilities.

The PLS A2 vehicles are equipped with advanced technologies, including by-wire functionality for autonomous operation and active safety systems designed to enhance the protection of soldiers in complex operational environments.

These capabilities support cross-domain operations on long-range battlefields and along contested supply lines.

"Together, we are delivering next-generation capabilities that better protect soldiers in today's missions while laying the foundation for future fleet sustainability," said Pat Williams, Chief Programs Officer at Oshkosh Defense.

The Family of Heavy Tactical Vehicles program includes the A4 Heavy Expanded Mobility Tactical Truck and enables the U.S. Army to reduce lifecycle costs through the use of standardized, militarized commercial components. The program allows the U.S. Army to efficiently integrate new and modernized variants, with vehicle procurement possible through August 2029.

The company has maintained its dividend payments for 13 consecutive years and currently has a dividend yield of 1.57%.

In other recent news, Oshkosh was the focus of several analysts following the publication of the second quarter report. UBS raised its price target for Oshkosh to USD 164, citing strong quarterly results in which earnings per share exceeded consensus estimates and profit margins improved in all business segments.

Raymond James also raised the price target to USD 155 and emphasized the adjusted earnings per share of USD 3.41, which exceeded expectations.

DA Davidson also raised its target to USD 160, citing a normalization of the situation in the Access segment.

KeyBanc was even more optimistic and raised its target price from USD 140 to USD 180.

The reason given was higher estimates for the 2027 financial year, despite lower expectations for the "Access" segment.

KeyBanc also reiterated its "Overweight" rating and emphasized Oshkosh's solid progress in achieving its 2028 targets and the elimination of a previously expected tariff charge of USD 0.50.

$RTX (-0,18%)
$LMT (+1,11%) . $BA (-1,28%)
$NOC (-0,02%)

Good morning, my dears,

Yesterday, the Minister of War invited his generals from all over the world to a meeting.

This was certainly not just about domestic policy.

As it appeared to the outside world.

In the spring, everyone was still pouncing on the European defense companies, and hardly anyone wanted the US stocks, even at good valuations.

Even here, my words were "You can't do it without the USA". But I hardly took the opportunity myself.

Although in hindsight it was also good to buy up my existing US stocks during the small 🍊 crash.

Dear all, which US defense companies do you think are worth buying in terms of growth and valuation?

Hundreds of missiles used up in the Middle East and the spectre of China breathing down our necks: The US defense industry is said to be ramping up like never before. For investors, this could set off a price rocket.

US arms industry to massively increase missile production.

Pentagon demands doubling or quadrupling of production.

Geopolitical tensions drive demand for armaments.

You can find the full article under the link ⬇️

https://www.wallstreet-online.de/nachricht/19979931-raketen-rausch-pentagon-produktion-vervierfachen-milliarden-chance-us-ruestungsaktien

$RTX (-0,18%)

The Patriot air defense system has been in use since the 1980s and 18 countries use it. For the US manufacturer Raytheon, Patriot is a billion-dollar business, which it used to handle entirely from its sites in the United States. However, in the face of ever new wars and conflicts in which drones are increasingly being used, the demand for air defense systems has risen so sharply that Raytheon can no longer keep up with production.

The renowned Center for Strategic and International Studies CSIS criticizes in a study (external link) that the US industry has not yet managed to adapt its supply chains to the high demand for important weapon systems such as Patriot. According to Raytheon, it takes three years from order to delivery of a system. On average, the company produces exactly one fire unit per month, i.e. one complete system.

Highly complex system costing a billion

Patriot is a very expensive purchase for customers. A complete system costs around one billion euros. This includes a control station, a radar system, antenna masts and three to eight so-called launchers for the actual missiles. They are fired from container-like containers, which are usually mounted on trucks.

The missiles themselves are also very expensive - and only available in limited quantities. The most modern version, with a range of up to 100 kilometers, costs up to four million euros. This is why they are generally only used against targets such as fighter planes, helicopters or approaching missiles and cruise missiles, but not against comparatively cheap drones.

RTX, through its subsidiary Raytheon, develops and supplies drone defense systems such as the "Coyote" and integrated defense solutions such as the LIDS (Low, Slow, Small Unmanned Aircraft System Defense). These systems include missiles that shoot down threat drones and radars such as the GhostEye for detecting and tracking targets. The company is continuously working to improve its technologies in order to effectively counter the growing threat from unmanned systems.

Bundeswehr procurement list

The first investments under the new procurement plan are due to start as early as October 2025

It is striking that there are only a handful of orders on the procurement list that are to be purchased from US manufacturers. These include around 150 million euros for torpedoes to be fitted to Boeing's P-8A aircraft. According to the procurement plan, the most far-reaching order in financial terms to a US defense company is 5.1 billion euros for Raytheon's MIM-104 Patriot air defense missiles.

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 (+10,52%)
$AVAV (+4,81%)
$ESLT (+1,18%)
$EOS
$YSN (-1,87%)
$LMT (+1,11%)
$RTX (-0,18%)

$HAG (+2,49%)
$AXON (-0,67%)
$FLT (+5,8%)
$FQT (+4,39%)
$RHM (-0,35%)

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 (-0,35%)

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 (+4,81%)

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 (+5,8%)

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 (+1,18%)

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 (+4,39%) Frequentis

https://getqu.in/j9ucf2/

$AXON (-0,67%) (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 (-0,02%)

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/

Hello dear Getquin Community,

Over the past few days, I have been working intensively on the topic of cyber security and its fundamental importance in various sectors such as healthcare, technology, energy, armaments & defense, e-commerce, software, insurance, industry, utilities, commodities, banks, fintech, holdings, crypto and blockchain. I took a closer look at the big players, the hidden champions and the essential blade manufacturers in the industry. My aim was to gain as comprehensive a picture as possible of the different levels of this industry.

If I have overlooked any important aspects or have not categorized something correctly, I look forward to your comments and interesting additions @Tenbagger2024
@Multibagger
@Simpson
@Vegasrobaina . Together we can understand the topic even better and learn from each other.

Feel free to leave a 👍. I wish you every success with your investments 🚀

At the request of @Multibagger I have subsequently added my personal favorites in each sector. I have an investment horizon of five to ten years. In addition to the quarterly figures, my main focus was on the long-term competitive advantages and the strength of the respective moat.

Contribution:

Cybersecurity is evolving from a peripheral topic to the foundation of global markets. Whether healthcare, banking, utilities, armaments & defense, energy, industry or the digital infrastructure for artificial intelligence and blockchain, the need for protection mechanisms is increasing everywhere. While the big players such as $PANW (-0,88%) Palo Alto Networks, $CRWD (-1,6%) CrowdStrike or $ZS (-0,56%) Zscaler are in the spotlight, more and more specialized providers are emerging that are essential in their niches and often have disproportionately high growth potential. Hidden champions such as $SECT B Sectra in the healthcare sector, $NCNO (+1,36%) nCino in the banking sector or $ESTC Elastic in the data center show that cyber security has long been a diversified ecosystem. In addition, we must not overlook the blade manufacturers, i.e. the companies that provide the technological basis. These include chip manufacturers such as $NVDA (-0,86%) , $INTC (-1,15%) Intel or $AMD (-3,54%) AMD, data center operators such as $EQIX (+1,27%) Equin$DLR (+2,42%) Digital Realty as well as software and infrastructure providers such as $ESTC Elastic, $DDOG (+0,18%) Datadog or $ANET (+0,93%) Arista Networks, without whose technology the security providers' solutions would not be scalable. The capital markets are reacting to this with valuation premiums, as the dependence on secure infrastructures is comparable to electrification in the 20th century. Investors are now faced with the question of whether to favor the established market leaders or invest in smaller companies that fly under the radar but could potentially be the real winners of tomorrow.

🔑Takeaway:

Cybersecurity is not an isolated trend, but a key investment factor across all industries from hospitals to data centers from payments to crypto platforms.

Healthcare

Major players:

$PANW (-0,88%) Palo Alto Networks (PANW), $FTNT (-0,89%) Fortinet (FTNT), $CHKP (-2,03%) Check Point (CHKP), $CRWD (-1,6%) CrowdStrike (CRWD), $S (+0%) SentinelOne (S), $CYBR (-1,04%) CyberArk (CYBR), $ZS (-0,56%) Zscaler (ZS), $NET Cloudflare (NET), $AKAM Akamai Tech. (AKAM)

- Core provider for firewalls, zero trust, endpoint and web security

My top 2 recommendation in this sector are $ZS (-0,56%) Zscaler global Zero Trust Exchange, huge barrier to entry as infrastructure is built globally and $PANW (-0,88%) All-in-one platform, extremely high customer retention, hard to replace + acquisition of the company $CYBR (-1,04%)

Hidden champions:

$SECT B Sectra (SECT-B.ST) - secure imaging & healthcare security

$VRNS (-0,39%) Varonis Systems (VRNS) - protection of sensitive patient data

Imprivata (private, partnerships with listed players) - identity management for clinics

My top recommendation
$SECT B Niche leadership in healthcare security & medical technology

Blade manufacturer:

$NVDA (-0,86%) Nvidia (NVDA), $INTC (-1,15%) Intel (INTC), $AMD (-3,54%) AMD (AMD) - Chips & computing power for security appliances

$EQIX (+1,27%) Equinix (EQIX), $DLR (+2,42%) Digital Realty (DLR) - Data center infrastructure for clinical data

$ESTC Elastic (ESTC), $DDOG (+0,18%) Datadog (DDOG) - basic software for monitoring & analytics

My top 2 recommendations are $NVDA (-0,86%) - GPUs, quasi-monopoly in high-end compute and $EQIX (+1,27%) - largest global colocation provider, enormous switching costs

🔑 Takeaway healthcare

Healthcare data is highly sensitive and clinics are at high risk of ransomware. In addition to large security providers, hidden champions such as Sectra and Varonis are gaining in importance as they secure directly at the interface between patient data and medical devices.

Technology, Data centers & AI, Telecommunications

Major players:

$ZS (-0,56%) Zscaler (ZS), $S (+0%) SentinelOne (S), $CHKP (-2,03%) Check Point (CHKP)

- Protection for cloud and AI environments

My top recommendation $ZS (-0,56%) - Global Zero Trust Exchange, almost impossible to copy

Hidden champions:

$ESTC Elastic (ESTC) - Security-Analytics

$ANET (+0,93%) Arista Networks (ANET)

- Network switches for data centers

My top recommendation $ANET (+0,93%) - High-end switches, hyperscaler customers

Shovel manufacturer:

$EQIX (+1,27%) Equinix (EQIX), $DLR (+2,42%) Digital Realty (DLR)

- Data center infrastructure

$NVDA (-0,86%) Nvidia (NVDA), $INTC (-1,15%) Intel (INTC), $MRVL (-0,3%) Marvell Tech. (MRVL)

- Chips & computing power for AI and security

My top 2 recommendation $NVDA (-0,86%) - GPUs, quasi-monopoly in high-end compute and $EQIX (+1,27%) - largest global colocation provider, enormous switching costs

Special players Telecommunications

$AKAM Akamai Tech. (AKAM) & Cloudflare (NET) - secure traffic and mobile data

$RDWR (-1,29%) Radware (RDWR) - DDoS protection for telcos

$CSCO (-0,64%) Cisco (CSCO) - network security for carriers

$CLAV (+2,5%) Clavister Holding AB (CLAV) - through SD-WAN and carrier security

My top recommendation $AKAM - Established CDN + Security

🔑 Takeaway technology, data centers & AI

Data centers and AI platforms are the backbone of the digital economy. Zero Trust and cloud security from Zscaler or SentinelOne meet shovel manufacturers such as Equinix or Nvidia, who are indispensable with infrastructure and chips.

Energy

Major players:

$FTNT (-0,89%) Fortinet (FTNT, NASDAQ) - OT/ICS security for power grids and power plants

$PANW (-0,88%) Palo Alto Networks (PANW, NASDAQ) - Zero Trust & network protection for energy suppliers

$CHKP (-2,03%) Check Point (CHKP, NASDAQ) - Critical infrastructure protection, gas and oil industry

My top recommendation $FTNT (-0,89%) - ASIC hardware + software, cost advantage

Hidden champions:

Dragos (private, IPO candidate) - leader in OT security, specialized in energy infrastructures

$RDWR (-1,29%) Radware (RDWR, NASDAQ) - DDoS defense for energy networks

$NCC (+0,89%) NCC Group (NCC.L, London) - penetration tests & audits for utilities

$CLAV (+2,5%) Clavister Holding AB (CLAV) - OT/ICS and infrastructure security

My top recommendation $CLAV (+2,5%) - small niche player (carrier security)

Shovel manufacturer:

$SBGSY (-0,69%) Schneider Electric (SBGSY, OTC) - OT/ICS hardware with security components

$ENR (-2,17%) Siemens Energy (ENR, Frankfurt) - Energy infrastructure with embedded security solutions

$AVGO Broadcom (AVGO, NASDAQ) - Security chips for networks in energy environments

My top recommendation $AVGO - Chip giant + Symantec Enterprise Security

E-Commerce

Major players:

$NET Cloudflare (NET, NYSE) - DDoS and API protection for online stores & payment platforms

$AKAM Akamai (AKAM, NASDAQ) - Application security & bot management in e-commerce

$FFIV (-0,81%) F5 Networks (FFIV, NASDAQ) - API & payment security for digital platforms

My top recommendation $NET - worldwide network for DDoS/API, network effects

Hidden Champions:

$RSKD Riskified (RSKD, NYSE) - Fraud prevention in online trading

$VRNS (-0,39%) Varonis Systems (VRNS, NASDAQ) - Protection of customer data

$CYBR (-1,04%) CyberArk (CYBR, NASDAQ) - Identity & access protection for payment processes

My top recommendation $CYBR (-1,04%) - Standard for Privileged Access

Shovel manufacturer:

$V (+1,2%) Visa (V, NYSE) & $MA (+0,7%) Mastercard (MA, NYSE) - not classic cybersecurity, but operators of secure payment networks

$ESTC Elastic (ESTC, NYSE) - fraud analytics for e-commerce platforms

$DDOG (+0,18%) Datadog (DDOG, NASDAQ) - monitoring & security analytics for retail infrastructure

My top recommendation $V (+1,2%) - Global payment network, enormous network effect

🔑 Takeaway:

Energy is particularly vulnerable due to OT/ICS systems, specialists such as Dragos are emerging here.

E-commerce needs fraud prevention in addition to traditional web security, which is why players such as Riskified are occupying a niche.

Armaments & Defense

Major players:

$NOC (-0,02%) Northrop Grumman (NOC, NYSE) - leader in cyberdefense for military & intelligence agencies, also developing offensive cyber capabilities

$BAESY (-0,53%) BAE Systems (BAESY, OTC) - strong cyber intelligence division, protects critical military and government networks

$RTX (-0,18%) Raytheon Technologies (RTX, NYSE) - defense company with growing cybersecurity portfolio for military communications & satellites

My top recommendation $NOC (-0,02%) - Top defense contractor with cyber dominance

Hidden champions:

$PLTR (-7,86%) Palantir Technologies (PLTR, NYSE) - Data and analytics platform with strong cybersecurity component, often for defense contractors

$CACI CACI International (CACI, NYSE) - specializes in cyber intelligence, network protection and military IT services

$LDOS (+2,02%) Leidos Holdings (LDOS, NYSE) - IT and cybersecurity service provider for US defense and NATO

$CLAV (+2,5%) Clavister Holding AB (CLAV) - used by government and military organizations

$ADVE Advenica (ADVE) - Specialized security, relevant for government agencies and national infrastructure

My top recommendation $CACI - Cyber intelligence, deep roots in the defense sector

Shovel manufacturer:

$LHX (+0,26%) L3Harris Technologies (LHX, NYSE) - provides communications and cyber hardware for military networks

$GD (+0,78%) General Dynamics (GD, NYSE) - with its IT division GDIT also a provider of cyber defense infrastructure

$KTOS (+0,97%) Kratos Defense (KTOS, NASDAQ) - specializes in drones, satellite systems and cyber hardening of defense communications

My top recommendation $GD (+0,78%) - strong role in defense cyber with GDIT

🔑 Takeaway:

In the defence sector, the boundaries between traditional defense and cybersecurity are becoming blurred. Alongside the large defense contractors, hidden champions such as Palantir, CACI and Leidos are emerging to provide pure cyber and data expertise. Shovel manufacturers such as L3Harris and Kratos secure the technical infrastructure.

Software & insurance

Big players:

$OKTA (-1,55%) Okta (OKTA), $CYBR (-1,04%) CyberArk (CYBR), $CRWD (-1,6%) CrowdStrike (CRWD)

- Identity, endpoint and cloud security

My top recommendation $CRWD (-1,6%) - Network effect through Falcon & Threat Graph

Hidden champions:

$VRNS (-0,39%) Varonis (VRNS) - Data Security

SailPoint (private, formerly NYSE) - Identity Governance

$FROG (-0%) JFrog (FROG) - DevSecOps & Supply-Chain-Security

$CYBE (+1%) CyberCatch Holdings, Inc (CYBE) - Provides AI-based cybersecurity SaaS

$GEN (-0,84%) Gen Digital (GEN) - one of the largest consumer cybersecurity providers worldwide (Norton, Avast, LifeLock), strong in identity protection and data protection for consumers & small businesses

$RBRK (-0,35%) Rubrik (RBRK) - data compliance and security in the area of cloud data security

My top recommendation $GEN (-0,84%) - Consumer security giant (Norton, Avast, LifeLock), strong brand power

Shovel manufacturer:

$MSFT (-0,18%) (MSFT), $GOOG Alphabet (GOOGL), $AMZN (-1,33%) Amazon (AMZN)

- Cloud security base

$FFIV (-0,81%) F5 Networks (FFIV) - API protection for SaaS & insurance platforms

My top recommendation $GOOG - global cloud security + Mandiant, strong moat through infrastructure & Threat Intel

🔑 Takeaway Software & Insurance

Data and identity protection take center stage. Major players such as Okta and CyberArk secure access, while hidden champions such as Varonis and JFrog provide specialist solutions. Cloud providers such as Microsoft and Amazon are both platform operators and security suppliers.

Industry, supply & raw materials

Major players:

$FTNT (-0,89%) Fortinet (FTNT), $CSCO (-0,64%) Cisco (CSCO), $PANW (-0,88%) Palo Alto Networks (PANW)

- Network protection for critical infrastructures

My top recommendation $FTNT (-0,89%) - ASIC hardware + software, cost advantage

Hidden champions:

$RDWR (-1,29%) Radware (RDWR) - DDoS protection

$NCC (+0,89%) NCC Group (NCC.L) - OT-Security & Penetration Tests

$SECT B Sectra (SECT-B.ST) - secure infrastructure in the OT/healthcare intersection

$CLAV (+2,5%) Holding AB CLAV) - OT/ICS and infrastructure security

$ADVE Advenica (ADVE) - Specialized security, relevant for public authorities and national infrastructure

My top recommendation $ADVE - Specialized Crypto/OT-Security for public authorities

Shovel manufacturer:

$AVGO Broadcom (AVGO) - security chips

Juniper Networks (JNPR) - network backbones

$ANET (+0,93%) Arista Networks (ANET) - high-end switches

My top recommendation $AVGO - Chip-Giant + Symantec Enterprise Security

🔑 Takeaway Industry, Utilities & Commodities

OT/ICS systems in production, energy and raw materials are attractive targets. Fortinet and Palo Alto dominate, but hidden champions such as Radware and the NCC Group offer special expertise for attacks on industrial control systems.

Banks, Fintech & Holdings

Big players:

$CRWD (-1,6%) CrowdStrike (CRWD), $PANW (-0,88%) Palo Alto Networks (PANW), $ZS (-0,56%) Zscaler (ZS)

- Core protection for banks & digital platforms

My top recommendation $ZS (-0,56%) - Global Zero Trust Exchange, almost impossible to copy

Hidden champions:

$NCNO (+1,36%) nCino (NCNO) - Cloud Banking Security

$NCC (+0,89%) NCC Group (NCC.L) - Audits & Compliance

$CYBE (+1%) CyberCatch Holdings, Inc (CYBE) - Provides AI-based cybersecurity SaaS

$GEN (-0,84%) Gen Digital (GEN) - through fraud prevention and identity topics

My top recommendation $GEN (-0,84%) - Consumer security giant (Norton, Avast, LifeLock), strong brand power

Shovel manufacturer:

$FFIV (-0,81%) F5 Networks (FFIV) - API security for payments

$AKAM Akamai Tech. (AKAM) - Web & Payment Security

$ESTC Elastic (ESTC) - Fraud Analytics

My top recommendation $FFIV (-0,81%) - Leader in Application & API Security

🔑 Takeaway Banks, Fintech & Holdings

High regulatory pressure makes cybersecurity a mandatory field. In addition to established providers, banks are relying on hidden champions such as nCino or Darktrace for cloud banking and anomaly detection. Shovel manufacturers such as F5 or Akamai secure payment APIs and banking portals.

Crypto & blockchain

Big players:

$PANW (-0,88%) Palo Alto Networks (PANW), $FTNT (-0,89%) Fortinet (FTNT), $CRWD (-1,6%) CrowdStrike (CRWD)

- Core protection for exchanges, wallets and blockchain infrastructure

My top recommendation $FTNT (-0,89%) - ASIC hardware + software, cost advantage

Hidden champions:

$BBAI (-1,96%) BigBear.ai (BBAI) - Blockchain Fraud Detection

$RIOT (+0,87%) Riot Platforms (RIOT) - Mining with a focus on security

$CHKP (-2,03%) Check Point - the new blockchain firewall initiative (Web3)

My top recommendation $CHKP (-2,03%) - Strong brand & existing customers, but limited innovative strength

Shovel manufacturer:

$NVDA (-0,86%) Nvidia (NVDA), AMD (AMD) - chips & mining hardware

$NET Cloudflare (NET), $AKAM Akamai Tech. (AKAM)

- Network protection for wallets & exchanges

My top recommendation $NVDA (-0,86%) - GPUs, quasi-monopoly in high-end compute

🔑 Takeaway crypto & blockchain

Crypto ecosystems are heavily affected by attacks on exchanges, wallets and smart contracts. While traditional security players provide protection, niche providers such as BigBear.ai and Riskified are emerging that specialize specifically in fraud and blockchain risks.

Source: Own analysis, image material: schwarz-digits

The USA will now probably deliver urgently needed "Patriot" defense missiles to Ukraine after all. This was announced by the US President last night. According to Trump, the weapons will be paid for by the EU.US President Donald Trump has announced the delivery of "Patriot" anti-aircraft missiles to Ukraine. "We will send them 'Patriots', which they urgently need," said Trump. However, he left open how many systems he wanted to send to reporters at Andrews Air Force Base. The weapons are to be financed by the EU: the people in Ukraine need the protection of the "Patriots", "but the European Union is paying for it. We pay nothing," Trump said verbatim. It was a business deal. With a view to an upcoming meeting with NATO Secretary General Mark Rutte, Trump went on to explain that the defense alliance would buy US military technology: "We're basically going to send them various pieces of sophisticated military equipment and they're going to pay us 100 percent for it." Trump plans to meet with Rutte later this week to discuss Ukraine and other issues

Source and full content:

Trump announces "Patriot" delivery to Ukraine | tagesschau.de https://share.google/jk7iR8mM7Sd3HhYzF

Will the war end soon?

Profiting:

$STR (-0,57%)

$POS (+0,09%)

$HOT (+3,48%)

$NOC (-0,02%)

$LMT (+1,11%)

$RTX (-0,18%)

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

$RTX (-0,18%) ,$LMT (+1,11%)

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

Combat aircraft & air dominance

$LMT (+1,11%) , $BA. (+0,04%)

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

Maritime strike capability

$HII (+0,5%) , $GD (+0,78%) , $BA. (+0,04%)

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

Sensors & electronic reconnaissance

$HAG (+2,49%) , $QQ. (-0,48%) , $CHRT (+0%) , $BA. (+0,04%)

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

Autonomous systems & drones

Almost all companies play me here. $KTOS (+0,97%) as the only drone pure play.

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

Cyber / AI & data fusion

$PLTR (-7,86%) ,$CACI

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

Ground-based large-scale systems

$GD (+0,78%) ,$NOC (-0,02%) , $BA. (+0,04%)

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

Multidomain space flight

$NOC (-0,02%)

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 (+4,81%)
(drones/loitering ammunition):

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

New position $RHM (-0,35%)
(Ammunition & Platforms)

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

Increase $RTX (-0,18%)

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

Top-up $GD (+0,78%)

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!

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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.

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📍 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.

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📍 Lockheed Martin $LMT (+1,11%)

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)

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📍 RTX Corporation $RTX (-0,18%)

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)

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📍 General Dynamics $GD (+0,78%)

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)

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📍 Northrop Grumman $NOC (-0,02%)

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)

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📍 Huntington Ingalls $HII (+0,5%)

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

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📍 CACI International $CACI

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)

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🤔 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?

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📍 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

...after everything here is full of Novo and I really hit the jackpot at the ATH (buy price around 115€...), I have a new entry in the pharma / medical sector :)

My investment strategy is generally "long" and the savings plans have also been adjusted:

• $VWRL (+0,15%) 300€ p.M.
• $BTC (+1,89%) 100€ p.m.
• $1810 (-1%) 150€ p.m.
• $489 (+5,18%) 50€ p.m.
• $DFEN (-0,12%) 150€ p.m.
• $1211 (-3,81%) 150€ p.m.
• $175 (-1,9%) 50€ p.m.
• $RTX (-0,18%) 50€ p.m.
• $RKLB (+7,92%) 50€ p.m.
• $ASML (-0,29%) 100€ p.m.
• $SHL (+1,99%) 480€ p.m.
• Gold 50€ p.m.

So total investment per month is 1680€ / savings rate per month.

Apart from that, I still hold around 5k in cash at the moment (watchlist is filled with Google and various other stocks).

I would be happy to receive feedback and wish you a nice weekend :)

LG