What is the 'supercycle' in the defense sector and what's driving it?

The 'supercycle' is a term analysts have coined to describe the current state of defense businesses, characterized by sustained growth and investment potential. This phenomenon is being driven by increased military spending as nations respond to emerging security threats. Investors are anticipating robust profit growth in the defense sector, likely prompted by geopolitical tensions including Russia's invasion of Ukraine. Defense and aerospace markets are performing strongly, with European stocks reaching record highs, making this an opportune time for investment in the sector.