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As U.S. defence companies descended on Britain's Farnborough Airshow this week hoping to tap Europe's military spending boom, they encountered increased concern among customers about reliance on American suppliers.
A new defense-focused exchange-traded fund began trading this month. The VistaShares Defense Supercycle ETF (NYSEARCA:AMMO) launched under a prospectus dated July 12, 2026, issued by VistaShares and organized inside Tidal Trust III.
The order comes as the administration has ramped up efforts to break China's stranglehold on the mining and processing of rare earths needed for defense and autos.
Traditional defense stocks have lagged even as defense-tech startups command lofty valuations. Vertical Research says six established companies still offer attractive value.
Farnborough Airshow opens on Monday with Boeing and Airbus pursuing aircraft deals and defence firms vying for a share of booming military budgets fuelled by wars in Ukraine and the Middle East.
The State Street SPDR S&P Aerospace & Defense ETF offers a lower expense ratio and focuses on manufacturers rather than airline operators. The U.S. Global Jets ETF has higher volatility as indicated by its beta and five-year maximum drawdown.
German engine manufacturer Deutz said on Thursday it had agreed to acquire 100% of military vehicle maker FFG Flensburger Fahrzeugbau Gesellschaft for €1.6 billion, to be paid partly in cash and partly through newly issued Deutz shares.
The Global X Defense Tech ETF (NYSEARCA:SHLD) and the SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) look like two ways to buy the same rearmament story, but they take structurally different bets.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.