> ## Content Index > Fetch the complete content index at: https://newsletters.qs.com/llms.txt > Use this file to discover other available public pages before exploring further. # ๐Ÿ›ก๏ธ Defense Stock Index Up 32%. $45M+ VC Funding. - URL: https://newsletters.qs.com/defense-index-up-32-45m-vc-funding/ - Published: 2024-03-25T11:35:22.000Z - Updated: 2024-03-25T11:40:19.000Z - Description: Impact Capital Markets #56 looks at our Defense stock index, major impact deals, M&A, and upcoming economic releases. - Author: QS - Tags: Deals [**Hรฅfa Adai**](https://en.wikipedia.org/wiki/Chamorro%5Flanguage?ref=newsletters.qs.com) ๐ŸŒด ๐Ÿ“‰ **Today's Global Economic Update:** Japan's annual inflation rate [increased to 2.8% in February 2024](https://www.stat.go.jp/data/cpi/sokuhou/tsuki/index-z.html?ref=newsletters.qs.com), ending three months of consecutive decline. The increase comes as energy subsidies introduced in February 2023 begin to lose effect. ๐ŸŒ **Deal of the Day:** Espresso Systems, a startup providing systems for Web 3 applications, raised a [$23M Series B](https://www.finsmes.com/2024/03/espresso-systems-raises-28m-in-series-b-funding.html?ref=newsletters.qs.com) to develop its product. **What's New?** - **๐Ÿ›ก๏ธ Defense.** Defense stock index up 32% - **๐Ÿ’ฐ Funding.** Blockchain security & cloud-based software - ๐Ÿ’ผ **M&A.** Medsystems acquires Aeskins - ๐Ÿ“… **Economics.** Inflation, US GDP, personal income & spending + more *For unlimited access to more deals and economic updates,* [*request a demo*](https://webforms.pipedrive.com/f/1uMbIPRqUeVuZ31jVtKWMWIuqU2ga1nKo8aotNdGihU16zgOzuTfRMb9XfIIGmcOT?ref=newsletters.qs.com) ## **๐Ÿ›ก๏ธ** Defense Stock Index Up 32% ![](https://storage.ghost.io/c/f1/d4/f1d411df-6f49-4c75-a302-f8c9e9f59495/content/images/2024/03/HolonIQ_HolonIQ_Defense_HIQDFNSE_HCH2OUIA9MEKTR6XIQF3.png) HolonIQ's Defense Index has increased by 32% over the past year amid increased global military spending and geopolitical tensions. Countries worldwide are bolstering their defense budgets, which has led to higher revenue for companies in the sector. Despite economic fluctuations, defense stocks have remained profitable, driven by steady demand for military aerospace products, naval and submarine construction, advanced land vehicles, and weapons manufacturing. Airbus SE ($146B MCap) has increased by 43% over the past year, with General Dynamics Corp. ($77B MCap) rising by 25% and L3Harris Technologies ($40B MCap) by 9%. With opportunities for localization, export growth, and sustained demand fueled by continued government investments in defense capabilities, companies in the sector are likely to see sustained demand. ## ๐Ÿ’ฐ Funding ๐ŸŒ **Espresso Systems,** a California-based startup providing scaling and privacy systems for Web 3 applications, raised a [$28M Series B](https://www.finsmes.com/2024/03/espresso-systems-raises-28m-in-series-b-funding.html?ref=newsletters.qs.com) from Andreessen Horowitz for product development. โ˜๏ธ **Ediphi,** a Massachusetts-based cloud-based platform providing cost estimating solutions, raised a [$12M Series A](https://www.finsmes.com/2024/03/ediphi-announces-12m-in-series-a-funding.html?ref=newsletters.qs.com) from Norwest Venture Partners to expand its team and invest in R&D. ๐Ÿช™ **Rails,** a Toronto-based crypto exchange, raised a[ $6.2M seed](https://www.finsmes.com/2024/03/rails-raises-6-2m-in-seed-funding.html?ref=newsletters.qs.com) to scale operations. ## ๐Ÿ’ผ M&A ๐Ÿงด **Medsystems,** a Brazilian dermatological equipment manufacturer, [acquired](https://globallegalchronicle.com/medsystems-acquisition-of-aeskins-pharmaceutical/?ref=newsletters.qs.com) Aeskins, a Spanish biotech skincare solutions provider. ## **๐Ÿ“…** Economic Calendar Inflation, US GDP, Personal Income & Spending + More ### Tuesday, March 26th 2024 ๐Ÿ‡ฆ๐Ÿ‡บ [Australia Westpac Consumer Sentiment Index, March](https://www.westpac.com.au/?ref=newsletters.qs.com) ๐Ÿ‡ฉ๐Ÿ‡ช [Germany GfK Consumer Confidence Index, April](https://www.gfk.com/de/home?ref=newsletters.qs.com) ๐Ÿ‡บ๐Ÿ‡ธ [US Durable Goods Orders Data, February](https://www.census.gov/?ref=newsletters.qs.com) ### Thursday, March 28th 2024 ๐Ÿ‡บ๐Ÿ‡ธ [US Core PCE Price Index Data, February](https://www.bea.gov/?ref=newsletters.qs.com) ๐Ÿ‡บ๐Ÿ‡ธ [US GDP Growth Data, Q4](https://www.bea.gov/?ref=newsletters.qs.com) ### Friday, March 29th 2024 ๐Ÿ‡ซ๐Ÿ‡ท [France Inflation Data (Preliminary), March](https://www.insee.fr/fr/accueil?ref=newsletters.qs.com) ๐Ÿ‡ฎ๐Ÿ‡น [Italy Inflation Data (Preliminary), March](https://www.istat.it/?ref=newsletters.qs.com) ๐Ÿ‡บ๐Ÿ‡ธ [US Personal Income & Spending Data, February](https://www.bea.gov/?ref=newsletters.qs.com) ### Monday, April 1st 2024 ๐Ÿ‡ฏ๐Ÿ‡ต [Japan Tankan Large Manufacturers Index, Q1](https://www.boj.or.jp/?ref=newsletters.qs.com) ๐Ÿ‡จ๐Ÿ‡ณ [China Caixin Manufacturing PMI, March](https://www.pmi.spglobal.com/public?ref=newsletters.qs.com) ๐Ÿ‡บ๐Ÿ‡ธ [US ISM Manufacturing PMI, March](https://www.ismworld.org/?ref=newsletters.qs.com) ### Tuesday, April 2nd 2024 ๐Ÿ‡ฆ๐Ÿ‡บ [Australia RBA Meeting Minutes](https://www.rba.gov.au/?ref=newsletters.qs.com) ๐Ÿ‡ฉ๐Ÿ‡ช [Germany Inflation Data (Preliminary), March](https://www.destatis.de/DE/Home/%5Finhalt.html?ref=newsletters.qs.com) ๐Ÿ‡บ๐Ÿ‡ธ [US JOLTs Job Openings, February](https://www.bls.gov/?ref=newsletters.qs.com) ### Wednesday, April 3rd 2024 ๐Ÿ‡ช๐Ÿ‡ฆ [Euro Area Inflation Data, March](https://ec.europa.eu/eurostat/?ref=newsletters.qs.com) ๐Ÿ‡บ๐Ÿ‡ธ [US ISM Services PMI, March](https://www.ismworld.org/?ref=newsletters.qs.com) ### Friday, April 5th 2024 ๐Ÿ‡ฆ๐Ÿ‡บ [Australia Balance of Trade Data, February](http://www.abs.gov.au/?ref=newsletters.qs.com) ๐Ÿ‡จ๐Ÿ‡ฆ [Canada Balance of Trade Data, February](https://www.statcan.gc.ca/?ref=newsletters.qs.com) ๐Ÿ‡จ๐Ÿ‡ฆ [Canada Employment Data, March](https://www.statcan.gc.ca/?ref=newsletters.qs.com) ๐Ÿ‡บ๐Ÿ‡ธ [US Employment Data, March](https://www.bls.gov/?ref=newsletters.qs.com) ๐Ÿ‡จ๐Ÿ‡ฆ [Canada Ivey PMI, March](https://www.ivey.uwo.ca/?ref=newsletters.qs.com) [](https://www.bea.gov/?ref=newsletters.qs.com) [](https://www.ifo.de/?ref=newsletters.qs.com) [](http://www.sca.isr.umich.edu/?ref=newsletters.qs.com) [](https://www.ifo.de/?ref=newsletters.qs.com) --- **Like getting this newsletter?* For unlimited access to more deals and economic updates,* [*request a demo*](https://webforms.pipedrive.com/f/1uMbIPRqUeVuZ31jVtKWMWIuqU2ga1nKo8aotNdGihU16zgOzuTfRMb9XfIIGmcOT?ref=newsletters.qs.com)*.* --- **Thank you for reading. Have a great week ahead!** Have some feedback or want to sponsor this newsletter? Let us know at hello@holoniq.com