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The world's biggest defense firms are finding that demand for traditional military equipment remains strong even as drones and AI reshape how wars are fought.
South Korean defense stocks rode a wave of global rearmament for the past two years, but they have plunged in 2026.
Rheinmetall cut its 2026 outlook for the second time in three months, citing delays to German military projects and artillery ammunition deliveries.
Democratic gains in Congress could bring tougher oversight of major companies and shift billions of dollars in federal spending and regulatory policy.
