New Delhi, March 9 -- Rising geopolitical tensions, including the escalating conflict involving the United States and Iran, are strengthening the long-term outlook for defence companies as governments accelerate military spending and modernisation programs.

According to HDFC Securities, global defence spending has entered a structural upcycle, creating significant long-term opportunities for companies involved in electronics, advanced warfare technologies, missile systems and aerospace platforms.

HDFC Securities said that the current geopolitical landscape has fundamentally altered defence spending priorities worldwide. Countries are rapidly investing in advanced technologies such as drones, electronic warfare systems, radar networks an...