Russia’s supply chain has taken a direct hit, with Ukrainian drone strikes destroying Wildberries logistics hubs used for both consumer goods and sanctioned military components. For global investors, this kind of disruption can shift attention toward companies tied to defense, military technology, and critical infrastructure, wherever they are listed. Some stocks in our Global Defense and Military Technology screener look more exposed to the risks and potential contract flows linked to this news than others. This article breaks down 3 stocks that appear positively exposed, helping you decide which situations might deserve a closer look or more caution.
Vincorion (XTRA:V1NC)
Overview: Vincorion is a German defense and aviation supplier that builds power, stabilization and mechatronic systems for armored vehicles, ground based air defense, helicopters and other mission critical platforms used in both military and civil protection.
Operations: Vincorion generates most of its revenue from Vehicle Systems (€103.8m), Power Systems (€74.7m) and Aviation (€66.3m), with Germany (€143.3m) and the wider European region (€46.1m) as its core markets alongside the USA (€45.1m).
Market Cap: €835.5m
Vincorion sits directly in the path of rising demand for resilient defense logistics, supplying power and stabilization systems for platforms like Leopard 2, Puma and Boxer, as well as key air defense systems that depend on reliable electronics when supply chains are under stress. Analysts describe earnings as growing faster than both the German market and the wider Aerospace & Defense sector. At the same time, the stock is priced below one estimate of fair value, which may attract value focused investors despite a relatively high P/E. High leverage and an inexperienced board add risk, but recent index inclusion and confirmed revenue guidance indicate that the story around Vincorion is still developing for investors watching this theme closely.
Vincorion’s earnings story is described as outpacing both its home market and sector, yet the stock still trades below one fair value estimate. This makes the analyst forecasts for Vincorion a crucial piece of what might be missing in this defense logistics story.
DEUTZ (XTRA:DEZ)
Overview: DEUTZ is a Cologne based engineering company that develops and services diesel, gas, hydrogen and electric powertrains used in construction, agriculture, mining, defense and other heavy duty applications, as well as offering lifecycle services, spare parts and retrofit solutions for large engine fleets worldwide.
Operations: DEUTZ reports geographic revenue with €126m from China, €568m from the Americas and a segment adjustment of €1.39b across its wider operations.
Market Cap: €1.43b
DEUTZ sits at the intersection of traditional engines and cleaner, defense ready powertrains, which is increasingly relevant as militaries focus on resilient logistics and loitering drone systems. Management highlights an order backlog tied to German Army drone programs and continued R&D to make diesel engines suitable for defense use, while analysts describe revenue guidance of €2.3b to €2.5b for 2026 and strong recent earnings momentum. At the same time, funding relies heavily on external borrowing, dividends have not been consistent and some growth segments are still scaling. This mix of transformation potential together with balance sheet and execution risk is why some investors may feel they are only seeing part of the DEUTZ story today.
DEUTZ looks like a transformation story hiding in plain sight, with defense ready engines and drone program exposure on one side and funding pressure on the other. This makes the 5 key rewards and 2 important warning signs feel like the missing chapter.
Airbus (ENXTPA:AIR)
Overview: Airbus is a global aerospace group that designs and builds commercial aircraft, helicopters, and defense and space systems, supplying everything from passenger jets and military airlifters to satellites and secure communications services for governments and corporations worldwide.
Operations: Airbus generates most of its revenue from its Airbus segment at €51.5b, followed by Airbus Defence and Space at €13.6b and Airbus Helicopters at €9.0b, partly offset by €1.5b of eliminations.
Market Cap: €153.0b
For investors watching how the Wildberries strikes and broader geopolitical tension could reshape defense spending, Airbus brings together a global commercial backlog with exposure to military aircraft, drones and space systems. The company is working through supply chain strains, funding entirely through external borrowings and managing labor issues such as the Getafe strike, while reporting strong margins, high quality earnings and an experienced, independent board. With fresh widebody orders, defense and AI sovereignty projects and potential effects from changes in defense budgets after attacks on Russian logistics, the fuller investment picture on Airbus still has some important pieces missing for investors focused on this theme.
Airbus appears to offer a rare combination of commercial strength and defense exposure, yet the full story on margins, supply chain pressure and budget shifts is easy to miss without the analysis report for Airbus, particularly one emerging operational twist investors often overlook.
The 3 stocks in this article are only a starting point, with the full Global Defense and Military Technology screener on Simply Wall St surfacing 10 more companies in the Global Defense and Military Technology screener that carry equally compelling narratives around drones, surveillance and military logistics. Unlock deeper context by using Simply Wall St to filter for the specific catalysts and narratives discussed here, so you can identify and analyze the defense and aerospace stocks that best match your highest conviction ideas.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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