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Exclusive access to SSG’s Defense Small-Cap Index and Deal Tracker for industry professionals.
The Secure Strategy Group provides proprietary data services – based on our analysis of publicly-available information — that monitor and analyze market performance, capital raises and M&A activity in the emerging-growth defense industry.
SSG’s insights help companies, investors, lenders and acquirers better understand capital flows, the M&A landscape and the evolving dynamics of deal valuations and structures.
Defense Small-Cap Index tracks the performance of 76 public defense companies, generally with less than $1 billion in market cap, across seven subsectors:
A key purpose of the SSG Index is to benchmark the stock performance of these micro- to small-cap defense companies against the prime defense contractors and other large public defense companies. See important “Methodology & Notice” below.
Defense Industry Deal Tracker provides curated market intelligence on capital raises and M&A activity involving the 76 public companies on the SSG Index, along with lower-middle-market private companies in the sector.
Monitoring capital and transactional activity across the seven subsectors described above.
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Monitoring emerging companies in Defense & Aerospace sector.
Tracking Financings and M&A in the Sector.
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We deliver data-driven market analysis to help you better understand the defense sector.
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.
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