Defence shares rally on AI arms race

Defence companies are enjoying
a strong stock market upswing as
investors anticipate a sustained increase
in military spending, driven by heightened
geopolitical tensions and an accelerating
technological arms race

Türkiye’s largest defence electronics
company, delivering advanced
technology solutions in
defence and security

SHARE PRICES HAVE SOARED SINCE UKRAINE WAR BEGAN
% change since Feb 2022

Aselsan Elektronik	3,550.8
Hanwha Aerospace		2,033.4
DroneShield		1,323.5
LIG Defense&Aerospace	1,092.8
Rocket Lab Corp		927.8
Rheinmetall		867.3
Exail Technologies	790.1
Saab			782.9
Data Patterns India	669.1
Leonardo SpA		602.7
Hindustan Aeronautics	586.6
Bharat Dynamics		566.0
MDA Space		558.0
Bharat Electronics	557.7

Defence spending
spree – amounting to
more than $2 trillion
across three continents
– mirrors nuclear arms
race of Cold War

Militaries investing
heavily in AI,
autonomous drones,
battlefield software and
decision-making systems,
creating new revenue
opportunities for both
defence contractors
and technology firms

© GRAPHIC NEWS
Picture: Getty Images
Source: Bloomberg