1. History
2. Subcategories
2.1. Critical Minerals
2.1.1. Metals
2.1.1.1. Brass
2.1.1.2. Steel
2.1.1.3. Aluminum
2.1.2. Chemicals
2.1.2.1. Nitrocellulose
2.1.2.2. Nitroglycerin
2.1.2.3. Lead
2.1.3. Other
2.1.3.1. Plastics
2.1.3.2. Glass
2.1.3.3. Wood
2.2. Critical Materials
2.2.1. Antimony
2.2.2. Beryllium
2.2.3. Bismuth
2.2.4. Cobalt
2.2.5. Graphite
2.2.6. Lithium
2.2.7. Nickel
2.2.8. Rare earth elements
2.2.9. Tantalum
2.2.10. Tungsten
2.3. Innovations
2.3.1. smart ammunition
2.3.2. self propelled ammunition
2.3.3. non-lethal ammunition
2.3.4. caseless ammunition
2.4. Non-Ammunition weapons used in war
2.4.1. Small arms
2.4.2. Artillery
2.4.3. Missiles
2.4.4. Bombs
2.4.5. Mines
2.5. Weapons
2.5.1. Bullets
2.5.1.1. lead
2.5.1.1.1. Market size: USD $19.07B
2.5.1.1.2. Where does it comes from
2.5.1.1.3. Major players
2.5.1.2. copper
2.5.1.2.1. Market size: USD $176.74B
2.5.1.2.2. Where does it come from
2.5.1.2.3. Major players
2.5.1.3. brass
2.5.1.3.1. Major players
2.5.1.3.2. Market Size
2.5.1.3.3. World exporters
2.5.1.3.4. World Importers
2.5.1.4. gunpowder
2.5.1.4.1. Potassium Nitrate
2.5.1.4.2. Charcoal
2.5.1.4.3. Sulfur
2.5.1.5. primer
2.5.1.5.1. Lead Styphnate (or Lead Azide)
2.5.1.5.2. Barium Nitrate (or other oxidizers)
2.5.1.5.3. Antimony Compounds
2.5.1.5.4. Lead Compounds
2.5.2. Drones
2.5.3. Misiles
2.5.4. Rockets
2.5.5. Artillery
3. Headwinds
3.1. Risks
3.1.1. Cyclical nature
3.1.2. Heavy regulation
3.1.3. Capitally intensive
4. Tailwinds
4.1. Large market, continuing to grow
4.2. Stability
4.3. Profitable
5. Investible areas
5.1. Stocks
5.1.1. Northrop Grumman Corporation (NOC)
5.1.2. General Dynamics Corporation (GD)
5.1.3. BAE Systems PLC (BAES)
5.1.4. Rheinmetall AG (RHM)
5.1.5. Nammo AS (NAMMO)
5.1.6. Nexter group KNDS (NXR)
5.1.7. Hanwha Corporation (000890.KR)
5.1.8. CBC Global Ammunition (CBCAM)
5.1.9. AR SENAL JSCo. (ARSENAL)
5.1.10. Ammo Inc. (AMMO)
5.2. ETFs/Mutual Funds
5.2.1. The SPDR S&P Aerospace & Defense ETF (XAR)
5.2.2. The iShares U.S. Aerospace & Defense ETF (ITA)
5.2.3. The Invesco Aerospace & Defense ETF (AIRR)
5.2.4. The Fidelity Select Aerospace & Defense Portfolio (FAS)
5.2.5. The T. Rowe Price Global Defense Fund (PRGTX)