| 1 | Sika Interplant Systems Limited (SIKA.NS) | 10/10 | 49.4x |
| 2 | Curtiss-Wright Corp (CW) | 10/10 | 45.6x |
| 3 | Samsung Heavy Industries Co., Ltd. (010140.KS) | 10/10 | 13.7x |
| 4 | HD Korea Shipbuilding & Offshore Engineering Co., Ltd. (009540.KS) | 10/10 | 7.6x |
| 5 | Safran SA (SAF.PA) | 9/10 | 35.4x |
| 6 | RTX Corp (RTX) | 9/10 | 23.9x |
| 7 | Rolls-Royce Holdings plc (RR.L) | 9/10 | 35.1x |
| 8 | Rheinmetall AG (RHM.DE) | 9/10 | 37.8x |
| 9 | Kongsberg Gruppen ASA (KOG.OL) | 9/10 | 27.9x |
| 10 | Howmet Aerospace Inc (HWM) | 9/10 | 68.2x |
| 11 | Thales S.A. (HO.PA) | 9/10 | 17.9x |
| 12 | HEICO Corp (HEI.A) | 9/10 | 44.3x |
| 13 | Firan Technology Group Corporation (FTG.TO) | 9/10 | 67.0x |
| 14 | FACC AG (FACC.VI) | 9/10 | 9.8x |
| 15 | Colt CZ Group SE (COLT.PR) | 9/10 | 8.0x |
| 16 | Sogeclair SA (ALSOG.PA) | 9/10 | 6.3x |
| 17 | HD Hyundai Marine Solution CO.,LTD. (443060.KS) | 9/10 | 34.0x |
| 18 | HD Hyundai Heavy Industries Co., Ltd. (329180.KS) | 9/10 | 13.8x |
| 19 | Evergreen Aviation Technologies Corporation (2645.TW) | 9/10 | 21.3x |
| 20 | SMAG Mobile Antenna Masts AG (1SMA.DE) | 9/10 | 28.0x |
| 21 | Hanwha Aerospace Co., Ltd. (012450.KS) | 9/10 | 25.9x |
| 22 | Lubair Aviation Technology Co., Ltd. (001316.SZ) | 9/10 | 20.1x |
| 23 | Woodward Inc (WWD) | 8/10 | 56.1x |
| 24 | TransDigm Group Inc (TDG) | 8/10 | 39.7x |
| 25 | Yangzijiang Shipbuilding (Holdings) Ltd. (SO7.SI) | 8/10 | 28.2x |
| 26 | Saab AB (publ) (SAAB-B.ST) | 8/10 | 71.5x |
| 27 | RENK Group AG (R3NK.DE) | 8/10 | 47.0x |
| 28 | Officina Stellare S.p.A. (OS.MI) | 8/10 | 102.6x |
| 29 | Moog Inc (MOG.B) | 8/10 | 30.0x |
| 30 | Moog Inc (MOG.A) | 8/10 | 30.0x |
| 31 | L3Harris Technologies Inc (LHX) | 8/10 | 21.6x |
| 32 | HEICO Corp (HEI) | 8/10 | 40.1x |
| 33 | Garden Reach Shipbuilders & Engineers Limited (GRSE.NS) | 8/10 | n.d. |
| 34 | PT Garuda Maintenance Facility Aero Asia Tbk (GMFI.JK) | 8/10 | 1.8x |
| 35 | Exosens (EXENS.PA) | 8/10 | 25.9x |
| 36 | Exail Technologies (EXA.PA) | 8/10 | 24.7x |
| 37 | Elbit Systems Ltd (ESLT) | 8/10 | 146.9x |
| 38 | Leonardo DRS Inc (DRS) | 8/10 | 43.8x |
| 39 | CSG N.V. (CSG.PR) | 8/10 | 459.9x |
| 40 | CSG N.V. (CSG.AS) | 8/10 | 24.9x |
| 41 | Coda Octopus Group Inc (CODA) | 8/10 | 20.2x |
| 42 | Yangzijiang Shipbuilding (Holdings) Ltd. (BS6.SI) | 8/10 | 43.1x |
| 43 | Avio S.p.A. (AVIO.MI) | 8/10 | 10.8x |
| 44 | ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi (ASELS.IS) | 8/10 | 144.6x |
| 45 | Dassault Aviation société anonyme (AM.PA) | 8/10 | 13.5x |
| 46 | Naikai Zosen Corporation (7018.T) | 8/10 | 1.6x |
| 47 | Namura Shipbuilding Co., Ltd. (7014.T) | 8/10 | 9.7x |
| 48 | CSSC Offshore & Marine Engineering (Group) Company Limited (0317.HK) | 8/10 | n.d. |
| 49 | Vincorion SE (V1NC.VI) | 7/9 | n.d. |
| 50 | Vincorion SE (V1NC.DE) | 7/9 | n.d. |
| 51 | TKMS AG & Co KGaA (TKMS.DE) | 7/9 | 6.4x |
| 52 | VEEM Ltd (VEE.AX) | 7/10 | 13.5x |
| 53 | Unimech Aerospace and Manufacturing Limited (UNIMECH.NS) | 7/10 | 332.3x |
| 54 | Smith & Wesson Brands Inc (SWBI) | 7/10 | 6.7x |
| 55 | Singapore Technologies Engineering Ltd (S63.SI) | 7/10 | 29.6x |
| 56 | QinetiQ Group plc (QQ.L) | 7/10 | 17.6x |
| 57 | Paras Defence and Space Technologies Limited (PARAS.NS) | 7/10 | n.d. |
| 58 | Porto Aviation Group S.p.A. (PAG.MI) | 7/10 | n.d. |
| 59 | Optex Systems Holdings Inc (OPXS) | 7/10 | 120.3x |
| 60 | National Presto Industries Inc (NPK) | 7/10 | 39.8x |