
AVAV-43.01%11.3%

LMT+13.06%11.3%

IPGP-1.58%10.4%

RTX+27.45%10.4%

BA.LSE+3.73%7.5%

COHR+193.25%7.5%

ESLT+41.65%7.5%

RHM.XETRA-45.23%6.6%

MKSI+142.36%5.7%

AERG-44.59%4.7%

LASR+41.74%4.7%

ELMT-8.10%3.8%

MTSI+117.25%2.8%

LPTH+91.32%1.9%

OPTX+332.39%1.9%

QQ.LSE-3.69%1.9%
As of Sep 10, 2026, 5:04 AM ET
Modern Warfare '26: Lasers & Directed Energy Weapons Constituents
AeroVironment, Inc.AVAV | 11.3% | -5.36% | -4.83% | -25.56% | -2.34% | -41.79% | -44.18% | 11.01% | -43.01% | -22.18% | 53.04% | $7.13B |
Lockheed Martin CorporationLMT | 11.3% | -2.18% | -6.99% | -13.05% | -3.68% | 8.43% | -19.88% | 15.81% | 13.06% | -8.47% | 63.95% | $121.04B |
IPG Photonics CorporationIPGP | 10.4% | 0.92% | 4.91% | -5.42% | 6.77% | 12.14% | -38.98% | 26.48% | -1.58% | 28.42% | -53.92% | $3.41B |
RTX CorporationRTX | 10.4% | -0.63% | -6.69% | -11.56% | -3.71% | 7.72% | -2.50% | 49.78% | 27.45% | 66.32% | 159.06% | $266.25B |
BAE Systems plcBA.LSE | 7.5% | -2.32% | -7.04% | -15.05% | -5.90% | 11.36% | -9.72% | 25.53% | 3.73% | 53.24% | 271.43% | $75.36B |
Coherent, Inc.COHR | 7.5% | 0.53% | 8.70% | -6.66% | 11.56% | 64.43% | 17.21% | 349.33% | 193.25% | 328.64% | 387.36% | $59.37B |
Elbit Systems Ltd.ESLT | 7.5% | 0.83% | 0.81% | -15.56% | 0.80% | 23.66% | -7.10% | 84.01% | 41.65% | 263.27% | 406.26% | $33.47B |
Rheinmetall AGRHM.XETRA | 6.6% | -3.75% | -11.95% | -10.73% | -5.99% | -35.84% | -40.07% | -16.79% | -45.23% | 110.81% | 1251.86% | $54.95B |
MKS Inc.MKSI | 5.7% | 0.96% | 4.81% | -8.31% | 8.77% | 67.74% | 9.65% | 231.31% | 142.36% | 156.09% | 86.57% | $18.11B |
Applied Energetics, Inc.AERG | 4.7% | -2.38% | -19.61% | -35.43% | 9.33% | -54.70% | -25.59% | 5.13% | -44.59% | 9.48% | -48.75% | $183.6M |
nLIGHT, Inc.LASR | 4.7% | -1.30% | -4.54% | -19.64% | 1.66% | 9.28% | -27.05% | 407.30% | 41.74% | 291.13% | 49.22% | $2.31B |
Elmet Group Co.ELMT | 3.8% | -2.78% | -1.08% | -0.12% | 4.44% | -8.10% | -8.10% | -8.10% | -8.10% | -8.10% | -8.10% | $493.5M |
MACOM Technology Solutions Holdings, Inc.MTSI | 2.8% | 4.12% | 7.86% | -3.67% | 9.20% | 67.05% | 15.32% | 175.70% | 117.25% | 194.60% | 356.26% | $21.83B |
LightPath Technologies, Inc.LPTH | 1.9% | -5.67% | -9.71% | -19.33% | 7.07% | -6.11% | -2.78% | 404.48% | 91.32% | 766.67% | 369.44% | $636.7M |
QinetiQ Group plcQQ.LSE | 1.9% | -2.01% | -7.75% | -16.64% | -5.17% | 6.51% | -6.96% | 25.78% | -3.69% | 8.42% | 50.59% | $3.25B |
Syntec Optics Holdings, Inc.OPTX | 1.9% | -1.93% | -10.68% | 0.40% | 4.53% | 166.08% | 18.54% | 508.80% | 332.39% | 539.50% | -22.66% | $306.5M |
| Theme return | — | -1.43% | -3.34% | -14.29% | 1.94% | 16.51% | -9.77% | 105.00% | 37.98% | 128.34% | 233.45% | — |
| Average | 6.2% | -1.43% | -3.99% | -12.90% | 2.33% | 18.62% | -10.76% | 143.47% | 53.63% | 173.62% | 210.73% | $41.76B |
| Median | 6.1% | -1.97% | -5.76% | -12.30% | 3.05% | 8.86% | -7.60% | 38.13% | 20.26% | 88.56% | 75.26% | $12.62B |
| Std Dev | 3.3% | 2.44% | 7.56% | 9.11% | 5.94% | 51.54% | 19.76% | 172.79% | 98.28% | 215.34% | 312.19% | $67.02B |
| Min | 1.9% | -5.67% | -19.61% | -35.43% | -5.99% | -54.70% | -44.18% | -16.79% | -45.23% | -22.18% | -53.92% | $183.6M |
| Max | 11.3% | 4.12% | 8.70% | 0.40% | 11.56% | 166.08% | 18.54% | 508.80% | 332.39% | 766.67% | 1251.86% | $266.25B |
| % Positive Tickers | 31.25% | 31.25% | 6.25% | 62.50% | 68.75% | 25.00% | 87.50% | 62.50% | 81.25% | 75.00% |
About this theme
Modern Warfare '26: Lasers & Directed Energy Weapons tracks 16 publicly listed stocks in this theme. Sample tickers: AVAV, LMT, IPGP, RTX, BA.LSE, COHR, ESLT, RHM.XETRA, MKSI, AERG, LASR, ELMT, and 4 more. Use the table below for the full list.