Smaller Companies Step Up In Global Defense Cycle
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ClearBridge Investments2.24K FollowersFollow5ShareSaveCommentsSummaryA new global defense investment cycle is extending beyond the largest primary defense contractors to include nimbler high-tech defense businesses, and Europe is emerging as a key driver of rising. Defense priorities are shifting from legacy platforms toward faster, more autonomous and more software-enabled unmanned systems, defense electronics and aerospace capabilities. We believe compelling opportunities exist in smaller, specialized companies that form crucial links in the defense supply chain, can create new platforms faster and offer more diversified exposure to defense. EvgeniyShkolenko/iStock via Getty Images By Brian Angerame, Jeffrey Bailin, CFA, Aram Green and Matthew Lilling, CFA Defense Reinvestment No Longer the Purview of Primes Global defense spending has entered a sustained upcycle as governments respond to a more contestedThis article was written byClearBridge Investments2.24K FollowersFollowClearBridge is a leading global asset manager committed to active management. Research-based stock selection guides our investment approach, with our strategies reflecting the highest-conviction ideas of our portfolio managers. We convey these ideas to investors on a frequent basis through investment commentaries and thought leadership and look forward to sharing the latest insights from our white papers, blog posts as well as videos and podcasts.Analyst’s Disclosure: I/we have a beneficial long position in the shares of LMT, KTOS, KRMN, RBC, TDY, YES, RKLB either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.