Defense Supercycle

Boeing navigating 737 MAX production issues while benefiting from strong commercial jet demand and defense backlog.

受益于全球国防支出增长和地缘政治紧张，Elbit Systems凭借创纪录积压订单推动收入增长，但估值和产能限制上行空间。

航空发动机售后市场强劲复苏，叠加国防合同增长，公司转型为纯航空航天龙头。

LMT benefits from a multi-year defense supercycle driven by geopolitical tensions, with F-35 and missile defense systems as key growth engines.

RTX benefits from dual-cycle tailwinds in defense (missile/radar ramp) and commercial aerospace recovery, with strong cash flow and dividend growth.

Firefly Aerospace is a pure-play space company benefiting from defense contracts and NASA's lunar program, with a growing backlog and scaling production.

MDA Space is a pure-play space systems and defense contractor benefiting from rising global space budgets and defense pivot, with strong revenue growth and profitability.

Rocket Lab is building an integrated space company with launch services, satellite platforms, and growing defense/government contracts, positioning it as a key beneficiary of space infrastructure demand.

Nokia's optical networking business is a key beneficiary of AI-driven data center expansion and network upgrades.

Palantir provides AI-driven analytics for government and defense clients, with strong revenue growth and expanding margins, but high valuation warrants caution.

Honeywell is restructuring via aerospace spin-off and Quantinuum IPO to unlock value, with core growth in productivity, automation, and defense.

Redwire is a pure-play space infrastructure and defense contractor, benefiting from NATO spending, satellite communication growth, and quantum tech.