THREE DEFENSE PSU STOCKS THAT RANK AMONGST THE TOP 100 GLOBAL ARMS MANUFACTURERS

Global arms sales rose sharply by 5.9% to reach a record $679 billion in 2024, with the demand being boosted by geopolitical conflicts and and ever-increasing military expenditures. The top 100 companies is dominated by 39 US companies, 8 Chinese companies, and 3 Indian companies.

- ranked 44th in global defense manufacturing, the company is engaged in the business of aircraft & helicopter manufacturing and maintenance. - ranked 58th in global defense manufacturing, the company manufactures and supplies electronic equipment systems to the defence sector. - ranked 91st in global defense manufacturing, this is a renowned shipbuilding company that makes warships, submarines, cargo/passenger ships, and offshore platforms