Missiles, Budgets & Earnings: Global Defence Summer Update

Join us for an in-depth update on the global defence supercycle, where we will be joined by three panellists, each covering a different geographic segment of the current build-up in defence spending and industrial capacity.

Key topics will include:

• The size of the US' next defence budget and its key focus – with the FY2027 request marking one of the largest proposed increases in decades, we will look at where the additional funding is being directed, from munitions stockpiles and shipbuilding to next-generation missile defence programmes • The global shortage of interceptors – examining supply chain constraints on air and missile defence systems, and what this means for procurement timelines and industrial capacity across allied nations
• How the ongoing air war in the Middle East is showing up in defence company earnings – assessing the extent to which sustained regional conflict is translating into order backlogs, revenue growth and margin expansion for key contractors
• Earnings and valuations of European defence companies – a look at how European defence stocks have performed against a backdrop of higher national spending commitments, and whether current valuations reflect sustainable long-term demand or near-term sentiment
• India's growing domestic defence production – covering the push toward self-reliance in defence manufacturing and what this shift means for both domestic suppliers and international partners.

Speakers:
• Jane Edmondson, Head of Index Product Strategy, TMX VettaFi
• Siddharth Batra, Head of Trading - KMAMS, Kotak International
• Tom Bailey, Head of Research, HANetf Moderator: Tom Sleep, Northern Europe Sales Manager, HANetf

This webinar is for professional investors only. This material does not constitute a marketing document. It is not an invitation to invest but to be read for educational purposes only.