The arms industry is one of the sectors that attracts the attention not only of investors but also of the wider public. Firearms manufacturers play a key role in personal defence, sport shooting and supplying the armed forces. In recent years, the sector has evolved in a context of increasing global uncertainty, geopolitical conflict and changing regulatory conditions. All of this has a direct impact on the value of arms companies' shares, their financial stability and their strategic direction.

One of the key players in this sector is a company whose shareholding structure is interesting not only because of the high proportion of institutional investors, but also because of the presence of major investment groups. Approximately 69% of the shares are held by large financial institutions, with BlackRock holding the largest share, controlling 16% of the company. This suggests strong capital market confidence in its future development, but also means that any changes in the portfolios of…