Air, Land, Sea, & Space Systems: Elevated Defense Spending and Nuclear Modernization Support Sector Growth

The Air, Land, Sea, & Space (ALSS) Systems sector has traditionally been viewed as recession resistant due to its relationship with the U.S. government and reliance on defense contracts. Through year-to-date (YTD) 2023, strong performance by public companies and healthy merger and acquisition (M&A) volume have been fortified by robust defense spending. Several key report takeaways are outlined in this report.