• Goldman Sachs sees a structural global rearmament cycle driven by geopolitical competition, active conflict and a broader focus on economic resilience.
• Capital is flowing to defense technology startups alongside established contractors as cheap unmanned systems reshape warfare economics.
• The security push is boosting advanced manufacturing and energy technology, positioning defense as a pillar of industrial policy.
• Businesses providing scarce capabilities and assured capacity across economic cycles stand to command a readiness premium.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Goldman Sachs Group Inc. published the original content used to generate this news brief on October 29, 2026, and is solely responsible for the information contained therein.