Why does this spotlight matter for Canadian investors?

It highlights steady spending on avionics, secure communications, electronic warfare, and sustainment across allied fleets. Canadian-listed aerospace and training firms can benefit when contracts involve simulation, ISR payloads, and MRO services. This supports multi-year backlogs and service revenue, which often carry better margins and lower cyclicality than pure hardware sales.

Which areas look best positioned to benefit?

Avionics, networking, and mission systems stand out, along with simulation and training tied to complex platforms like the B-2 Spirit. Sustainment and diagnostics also matter as fleets age. Companies with open-architecture solutions, strong certification know-how, and recurring service contracts tend to show better visibility and more stable cash generation over time.

How should I evaluate potential holdings in this theme?

Prioritize defense revenue mix, backlog duration, and exposure to secure-comms or EW programs. Review free cash flow conversion, contract funding status, and services share of sales. On calls, listen for open-systems roadmaps and software update cadence. Compare valuation to growth in funded backlog and the company’s track record of delivering on schedule and budget.

What near-term catalysts are worth monitoring?

Watch Canadian federal updates on NORAD-related projects, allied procurement milestones, and training or MRO awards. During earnings, track book-to-bill, backlog quality, and margins. Any disclosure about open systems, cyber hardening, or software refresh cycles can signal durable demand tied to modernization and sustainment, even as new platforms advance.

Global Market Insights

February 9: B-2 Tech Spotlight Fuels Defense Modernization Trade

ByHuzaifa Zahoor February 10, 2026February 10, 2026

The B-2 bomber took center stage on February 9 as fresh explainers and upgrade reviews resurfaced the B-2 Spirit’s unique systems and long program life. For investors, the B-2 bomber spotlight points to steady demand for defense modernization and sustainment, especially avionics, secure networking, and mission systems. With the B-21 Raider still maturing, upgrade dollars flow to proven fleets. Canadian portfolios can gain exposure through aerospace, simulation, and MRO names serving allied programs, NORAD missions, and training pipelines. We break down the themes and what to watch next.