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Why Defense Stocks & ETFs Can Continue to Soar

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Key Takeaways

  • Rising geopolitical tensions are fueling strong gains in global defense stocks.
  • Military spending is poised for long-term growth, driven by rearmament and advanced technology investment.

Defense stocks are surging following the U.S. move to oust and capture Venezuelan leader Nicolas Maduro. The sector had already performed strongly last year due to rising defense spending amid escalating geopolitical tensions.

President Trump has revived the Monroe Doctrine of the 1820s, emphasizing the need for U.S. dominance in the Western Hemisphere, and has referenced Colombia and Cuba in recent remarks. He also stated, “We need Greenland, from the standpoint of national security.”

Some experts are concerned that these actions could embolden China to move on Taiwan and encourage more aggressive posturing from Russia. Rising tensions between China and Taiwan, between India and Pakistan, and ongoing conflicts across the Middle East are already driving a renewed global focus on rearmament, with the potential to push military spending even higher.

Global defense spending could surpass $3.6 trillion by 2030, up 33 percent from 2024 levels, according to Global X, as countries accelerate investment in AI, autonomous drones, and advanced cyber defenses. In the U.S., increased defense spending remains one of the few areas of bipartisan agreement.

European defense stocks, which have been climbing since the start of the Russia–Ukraine war, surged further in 2025 as governments ramped up military spending, partly in response to pressure from Trump. They had a brief pullback late last year amid signs of progress toward ending the war in Ukraine.

At the same time, global air traffic continues to expand, with the rising middle class in emerging economies expected to be a key driver of future travel demand. This trend should provide ongoing support for commercial aerospace businesses over the long term.

To learn more about the iShares U.S. Aerospace & Defense ETF (ITA - Free Report) , SPDR S&P Aerospace & Defense ETF (XAR - Free Report) , Global X Defense Tech ETF (SHLD - Free Report) , and Select STOXX Europe Aerospace & Defense ETF (EUAD - Free Report) , please watch the short video above.

GE Aerospace (GE - Free Report) , Lockheed Martin (LMT - Free Report) , Northrop Grumman (NOC - Free Report) , Boeing (BA - Free Report) , and Palantir (PLTR - Free Report) are among the top holdings in these ETFs.

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