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The deadly terrorist attacks in Paris may accelerate a global uptick in militarization, one expert contended Monday. But some under-the-radar companies could benefit more than large-scale defense contractors, said Peter Skibitski, an aerospace and defense analyst at Drexel Hamilton.
Firms that make airplane or bomb components could see sales grow if nations increase strikes on ISIS, Skibitski said. But companies that make security systems or cameras could get a bigger boost.
"It's those things that are below the massive scale spending that are probably gonna see increased focus going forward," he told CNBC's "Power Lunch."
He pointed to Flir Systems, which makes thermal imaging cameras and sensors. Its shares spiked more than 10 percent Monday.
He also outlined possible strength for Harris, which makes wireless equipment and radio technology. The company could sell more components for military communication and intelligence gathering, Skibitski said.
Shares of Harris climbed 3 percent Monday.