Geopolitical tensions around the escalating Iran war have heightened uncertainty across markets this year. With ceasefire talks in limbo, risk remains high, and defense spending continues to surge. Amid this highly tense environment, defense stocks are emerging as winners.
One such company is Israel-based defense giant Elbit Systems (ESLT). The stock has surged roughly 56% year-to-date (YTD) and has also outperformed the broader market, riding a wave of global military demand.
