New York - Washington - Aspen
New York - Washington - Aspen
The SSG Small-Cap Defense Index and SSG Deal Tracker are market intelligence tools, based on public information and produced for informational purposes only and not intended as investment advice or a basis for investment decisions. Past performance is not indicative of future results. This information should not be construed as Secure Strategy Group recommending investment in defense companies or as a solicitation to buy or sell any security or engage in a particular investment strategy. The Defense Small-Cap Index is an SSG-created market monitor, not an investable product. Small-cap defense companies may experience greater volatility, limited liquidity, funding risk, and customer concentration than larger defense contractors. Before acting on any information, you should consider whether it is suitable for your particular circumstances and consult all available material, and, if necessary, seek professional advice. Secure Strategy Group and its affiliates, as well as their respective partners, directors, shareholders, and employees, may have a position in the securities mentioned herein or may make purchases and/or sales from time to time. SSG may currently provide, has provided in the last 12 months, or seeks to provide advisory or capital markets services to companies referenced in this report, including through broker-dealer services provided by Bradley Woods & Co. Ltd., (Member FINRA/SIPC).
SSG Small-Cap Defense Index
The SSG Small-Cap Defense Index tracks the price performance (excluding dividends) of a curated universe of micro- to small-cap companies operating across the defense sector, including aerospace components, unmanned systems, defense electronics & sensors, rare earth resources, simulation & training, space, weapons & ammunition, and adjacent defense verticals.
Constituents are screened by market cap, defense revenue exposure, exchange listing, trading liquidity, and public-data availability; additions/removals are reviewed monthly.
Each constituent is selected through a proprietary research process that combines our team’s ongoing deal monitoring, sector coverage across financial press and trade publications, SEC filings, and direct market intelligence gathered through SSG’s advisory work. The result is a living watchlist of companies that we believe represent the most relevant and active corners of the small-cap defense landscape.
The Index is calculated as the equal-weighted average price return of its constituents and is updated on a weekly basis. Rather than applying complex weighting schemes or frequent rebalancing mechanics, we deliberately keep the methodology transparent and intuitive: each company carries equal influence, and the index moves with the collective price performance of the group.
Important note: Dividends are not included in the index calculation—this is a pure price-return index reflecting only share price appreciation or depreciation.
SSG Deal Tracker
Complementing the Index, the SSG Deal Tracker monitors equity and debt capital raises as well as M&A activity involving both the Index constituents and certain private companies in the broader defense sector. By tracking these transactions in real time, the Deal Tracker provides visibility into capital flows, M&A transactions, strategic shifts, and emerging opportunities within the small-cap and private defense ecosystem. It draws on the same sources and market intelligence used for the Index, offering users deeper context on the transactional dynamics driving the sector. All deal values reflect disclosed terms only. Where transaction values are not publicly available, deals are included with an “N/D” (not disclosed) designation. SSG does not estimate undisclosed deal values.
Our market intelligence team is available for deep-dive inquiries regarding the data provided in this portal.
