—while DFND (VanEck Global Defence ETF) focuses on traditional and broad global military contractors that derive over 50% of their revenue directly from defence, aerospace, and software, placing a heavier emphasis on international (non-US) diversification
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- Palantir Technologies Inc. (Class A): 9.88%
- RTX Corp: 7.86%
- Thales SA: 6.95%
- Hanwha Aerospace Co Ltd: 6.73%
- Saab AB (Class B): 5.67%
- Leonardo SpA: 5.47%
- Elbit Systems Ltd: 5.46%
- Curtiss-Wright Corp: 4.34%
- Kongsberg Gruppen ASA: 3.98%
- Singapore Technologies Engineering Ltd: 3.80%
