AVAV-36.12%11.3%
LMT+32.76%11.3%
IPGP+27.18%10.4%
RTX+43.36%10.4%
BA.LSE+17.20%7.5%
COHR+206.32%7.5%
ESLT+78.48%7.5%
RHM.XETRA-33.57%6.6%
MKSI+250.10%5.7%
AERG-36.65%4.7%
LASR+282.56%4.7%
ELMT-11.75%3.8%
MTSI+89.50%2.8%
LPTH+233.06%1.9%
OPTX+391.03%1.9%
QQ.LSE+9.63%1.9%
As of Aug 6, 2026, 4:25 AM ET
Modern Warfare '26: Lasers & Directed Energy Weapons Constituents
AeroVironment, Inc.AVAV | 11.3% | -0.57% | 12.41% | -4.96% | 12.51% | -30.52% | -33.38% | 32.50% | -36.12% | $8.51B |
Lockheed Martin CorporationLMT | 11.3% | -2.01% | -0.91% | 7.30% | -0.93% | 19.36% | -11.81% | 27.48% | 32.76% | $133.30B |
IPG Photonics CorporationIPGP | 10.4% | -2.47% | 0.05% | -12.37% | 7.87% | 28.14% | -30.27% | 44.53% | 27.18% | $3.89B |
RTX CorporationRTX | 10.4% | 2.01% | 4.47% | 10.40% | 3.29% | 21.22% | 9.72% | 68.55% | 43.36% | $299.38B |
BAE Systems plcBA.LSE | 7.5% | -1.28% | 10.67% | 7.58% | 3.04% | 25.96% | 2.11% | 41.97% | 17.20% | $84.99B |
Coherent, Inc.COHR | 7.5% | 1.39% | 16.23% | -2.23% | 24.85% | 77.83% | 26.76% | 385.96% | 206.32% | $64.21B |
Elbit Systems Ltd.ESLT | 7.5% | 1.77% | 5.37% | 6.57% | 6.88% | 49.60% | 12.38% | 122.62% | 78.48% | $40.49B |
Rheinmetall AGRHM.XETRA | 6.6% | -0.02% | 16.89% | 6.87% | 5.14% | -24.67% | -29.64% | -2.31% | -33.57% | $64.71B |
MKS Inc.MKSI | 5.7% | -2.39% | -4.88% | -14.93% | 5.26% | 95.93% | 28.08% | 286.99% | 250.10% | $21.15B |
Applied Energetics, Inc.AERG | 4.7% | -3.20% | -3.20% | -6.20% | -5.47% | -33.15% | 9.80% | 55.13% | -36.65% | $271.0M |
nLIGHT, Inc.LASR | 4.7% | -2.50% | 7.47% | 15.24% | 9.38% | 100.61% | 33.92% | 831.31% | 282.56% | $4.24B |
Elmet Group Co.ELMT | 3.8% | 0.03% | 10.91% | -9.48% | 13.62% | -11.75% | -11.75% | -11.75% | -11.75% | $473.8M |
MACOM Technology Solutions Holdings, Inc.MTSI | 2.8% | -3.60% | -1.32% | -19.59% | 4.78% | 53.82% | 6.18% | 153.86% | 89.50% | $20.10B |
LightPath Technologies, Inc.LPTH | 1.9% | -4.00% | 10.71% | -14.96% | 15.62% | 11.02% | 14.96% | 496.52% | 233.06% | $574.1M |
QinetiQ Group plcQQ.LSE | 1.9% | 0.74% | 12.88% | 14.37% | 8.08% | 23.92% | 8.25% | 46.34% | 9.63% | $3.77B |
Syntec Optics Holdings, Inc.OPTX | 1.9% | -3.28% | 8.65% | -22.78% | 17.30% | 167.83% | 19.31% | 512.80% | 391.03% | $308.5M |
| Theme return | — | -0.83% | 6.23% | 0.47% | 7.86% | 34.02% | 3.79% | 135.80% | 62.22% | — |
| Average | 6.2% | -1.21% | 6.65% | -2.45% | 8.20% | 35.95% | 3.41% | 193.28% | 96.44% | $46.90B |
| Median | 6.1% | -1.64% | 8.06% | -3.59% | 7.38% | 24.94% | 8.99% | 61.84% | 38.06% | $14.30B |
| Std Dev | 3.3% | 1.94% | 6.73% | 12.02% | 7.15% | 52.44% | 20.47% | 235.65% | 128.82% | $75.15B |
| Min | 1.9% | -4.00% | -4.88% | -22.78% | -5.47% | -33.15% | -33.38% | -11.75% | -36.65% | $271.0M |
| Max | 11.3% | 2.01% | 16.89% | 15.24% | 24.85% | 167.83% | 33.92% | 831.31% | 391.03% | $299.38B |
| % Positive Tickers | 31.25% | 75.00% | 43.75% | 87.50% | 75.00% | 68.75% | 87.50% | 75.00% |
About this theme
Modern Warfare '26: Lasers & Directed Energy Weapons tracks 16 publicly listed stocks in this theme. Sample tickers: AERG, AVAV, BA.LSE, COHR, ELMT, ESLT, IPGP, LASR, LMT, LPTH, MKSI, MTSI, and 4 more. Use the table below for the full list.
