These 3 defense stocks have outperformed since the onset of the U.S.-Iran war

Since the U.S.-Iran conflict erupted on February 28, three U.S.-listed defense stocks have outperformed the traditional defense primes, according to Investing.com.

Unusual Machines, a drone specialist based in Orlando, Florida, led the pack with a remarkable 149.5% gain. The company, which distributes small commercial drones and autonomous components, has become the market's go-to small-cap proxy for the war.

Ducommun, founded in 1849, followed with a 67.5% increase. The company provides critical electronic and structural systems for military aircraft, missiles, and naval platforms.

BlackSky Technology rounded out the top three with a 64.0% gain. The company operates satellite-based intelligence and AI-powered surveillance, providing real-time battlefield awareness during active conflict.

In contrast, traditional defense giants have struggled since February 28. The market appears to favor nimble, technology-focused defense firms that benefit directly from the active conflict demand.