In the large players like UDI the revenue gets tied to large projects and systems. How many howitzer shells do you need to put on the same target at the same time? How much ammunition do you have to ship to land on the same square inch?
My point is that in defense you are better off as a parts maker than a car maker. You can make parts for all the big projects. That is where LLL is.
I just want to play the only growth sector in town but you don't have a big choice of undervalued companies to pick from. I would like to find a company which makes fuses and basic stuff. Any ideas?