Buy ARMG by Jan 8, 2036.

My bull case: Structural demand: Defence spending is no longer cyclical it’s becoming structural (NATO commitments, geopolitics, re-armament). Tech focus: Exposure isn’t just traditional defence primes, but also AI, cyber, drones, space, and autonomous systems. Diversification: Holdings across US, Europe, and allies (e.g. Lockheed, RTX, BAE, Palantir, Thales, Saab). Policy tailwinds: Multi-year government contracts + long procurement cycles = revenue visibility. UCITS / unleveraged: Suitable for long-term holding, unlike single-stock or leveraged ETFs. Not risk-free, but as a thematic allocation …