The Index
27 companies scored 0–100 across four pillars: surge capacity, investment quality, domestic contribution, and adversary exposure. Recalculated quarterly from FPDS, SEC filings, and CFIUS notices. Primes and other companies are weighted differently; see Methodology.
PILLARS:Surge CapacityInvestment QualityAmerica ScoreAdversary Exposure
Lockheed MartinPRIME
Aerospace & Defense SystemsBethesda, MD· ~123,000
Low Exposure
▲ 2
85
SRG
88
INV
90
USA
82
ADV
Low Exposure
Northrop GrummanPRIME
Strategic Systems & AeronauticsFalls Church, VA· ~95,000
Low Exposure
▲ 1
78
SRG
80
INV
92
USA
88
ADV
Low Exposure
General DynamicsPRIME
Land & Naval SystemsReston, VA· ~117,000
Low Exposure
— 0
82
SRG
82
INV
88
USA
80
ADV
Low Exposure
L3Harris TechnologiesPRIME
C4ISR & Electronic WarfareMelbourne, FL· ~47,000
Low Exposure
▲ 3
72
SRG
72
INV
82
USA
78
ADV
Low Exposure
RTX (Raytheon)PRIME
Missiles & Defense ElectronicsArlington, VA· ~180,000
Moderate Exposure
▼ 1
77
SRG
78
INV
76
USA
68
ADV
Moderate Exposure
Boeing Defense, Space & SecurityPRIME
Aircraft & PlatformsArlington, VA· ~18,000 (segment)
Moderate Exposure
▼ 4
74
SRG
58
INV
82
USA
70
ADV
Moderate Exposure
Anduril IndustriesOTHER
Autonomous Systems & SoftwareCosta Mesa, CA
Low Exposure
▲ 4
88
SRG
95
INV
92
USA
92
ADV
Low Exposure
AeroVironmentOTHER
Loitering Munitions & Small UASArlington, VA
Low Exposure
▲ 2
90
SRG
82
INV
88
USA
90
ADV
Low Exposure
BWX TechnologiesOTHER
Naval Nuclear Reactors & ComponentsLynchburg, VA
Low Exposure
▲ 1
72
SRG
88
INV
95
USA
98
ADV
Low Exposure
HadrianOTHER
Software-Defined Precision ManufacturingTorrance & Mesa, AZ
Low Exposure
▲ 5
72
SRG
86
INV
92
USA
92
ADV
Low Exposure
Howmet AerospaceOTHER
Engineered Structures & FastenersPittsburgh, PA
Low Exposure
▲ 1
82
SRG
88
INV
84
USA
84
ADV
Low Exposure
Kratos Defense & SecurityOTHER
Affordable Drones, Propulsion & HypersonicsSan Diego, CA
Low Exposure
▲ 2
84
SRG
76
INV
86
USA
88
ADV
Low Exposure
MP MaterialsOTHER
Rare-Earth Mining & MagnetsLas Vegas, NV (Mountain Pass, CA mine)
Low Exposure
▲ 4
78
SRG
82
INV
94
USA
80
ADV
Low Exposure
CastelionOTHER
Low-Cost Hypersonic MissilesEl Segundo, CA
Low Exposure
▲ 5
68
SRG
78
INV
90
USA
92
ADV
Low Exposure
Curtiss-WrightOTHER
Naval Flow Control, Actuation & ElectronicsDavidson, NC
Low Exposure
— 0
74
SRG
82
INV
84
USA
86
ADV
Low Exposure
Saronic TechnologiesOTHER
Autonomous Surface VesselsAustin, TX
Low Exposure
▲ 6
68
SRG
84
INV
88
USA
90
ADV
Low Exposure
Shield AIOTHER
AI Pilots & Autonomous AircraftSan Diego, CA
Low Exposure
▲ 3
72
SRG
82
INV
88
USA
85
ADV
Low Exposure
Ursa MajorOTHER
Rocket & Missile PropulsionBerthoud, CO
Low Exposure
▲ 3
74
SRG
74
INV
88
USA
90
ADV
Low Exposure
Rocketdyne (ex-Aerojet)OTHER
Rocket & Missile PropulsionEl Segundo, CA
Low Exposure
— 0
72
SRG
72
INV
90
USA
90
ADV
Low Exposure
Woodward, Inc.OTHER
Propulsion & Energy Control SystemsFort Collins, CO
Low Exposure
— 0
74
SRG
76
INV
82
USA
82
ADV
Low Exposure
EpirusOTHER
Directed-Energy Counter-DroneTorrance, CA
Low Exposure
▲ 3
66
SRG
74
INV
88
USA
90
ADV
Low Exposure
Moog Inc.OTHER
Precision Motion Control & ActuationEast Aurora, NY
Low Exposure
— 0
74
SRG
74
INV
82
USA
82
ADV
Low Exposure
Mercury SystemsOTHER
Trusted Microelectronics & ProcessingAndover, MA
Low Exposure
▲ 1
72
SRG
72
INV
82
USA
82
ADV
Low Exposure
Divergent TechnologiesOTHER
Software-Defined Additive Manufacturing (DAPS)Los Angeles, CA
Moderate Exposure
▼ 2
92
SRG
58
INV
74
USA
63
ADV
Moderate Exposure
HermeusOTHER
Hypersonic Propulsion & AircraftAtlanta, GA
Low Exposure
▲ 7
55
SRG
76
INV
88
USA
90
ADV
Low Exposure
Leonardo DRSOTHER
Sensors, Electro-Optics & PowerArlington, VA
Moderate Exposure
— 0
76
SRG
74
INV
72
USA
70
ADV
Moderate Exposure
TransDigm GroupOTHER
Proprietary Aerospace ComponentsCleveland, OH
Moderate Exposure
▼ 3
70
SRG
70
INV
78
USA
78
ADV
Moderate Exposure
SOURCE: FPDS, SEC FILINGS, CFIUS NOTICES, SAM.GOV · METHODOLOGY: DEFENSEWATCH.COM/METHODOLOGYDEFENSE WATCH · Q3 2026