Market cap, ratios, CAGR and revenue: company table snapshot as of 30 Oct 2026 (the same figures on every page). Price: snapshot as of 30 Oct 2026. Not investment advice.
Where it fits
Supplies the missiles, torpedoes, naval guns and warheads/explosives that arm the platform and give it offensive and defensive capability.
Why it matters
Weapons and sensor integration is what converts a steel hull into an actual warfighting platform - this layer is the Navy's core operational requirement.
Where the value pool sits
Government-owned missile/torpedo primes capture the bulk of high-value contract revenue, while explosives and simulator makers hold smaller, more diversified niches.
Key drivers
Navy's missile/torpedo/ammunition replenishment and modernisation cycles
Defence explosives demand as platforms are armed and re-armed