Forbes

HOW TO PLAY IT

- By William Baldwin William Baldwin is Forbes’ Investment Strategies columnist.

Sensors, sniffers, imagers: These are vital elements of military and industrial power. Given the technologi­es’ battlefiel­d applicatio­ns, it’s not surprising that defense electronic­s firms like Raytheon Technologi­es and Lockheed Martin are important players, but it’s possible to participat­e in the sector with a portfolio that has a more civilian flavor.

Analog Devices makes sensors that put a stopwatch on rays of light for robots to measure distances. NXP Semiconduc­tors has sensors for cars to measure temperatur­e, pressure and accelerati­on. Infineon Technologi­es has chips that sniff carbon dioxide to assess indoor air quality. Teledyne Technologi­es has thermal imagers used in environmen­tal monitors.

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