XAR State Street SPDR S&P Aerospace & Defense ETF
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RTX Hikes Forecast, Driven by Surging Patriot and Missile Demand
RTX reported first-quarter 2026 revenue of $22.1 billion, a 9% increase year-over-year. Adjusted earnings per share rose 21% to $1.78, surpassing analyst...
Hanwha Aerospace partners with Northrop Grumman for AReS missile, targeting US market
Hanwha Aerospace and Northrop Grumman signed a memorandum of agreement to develop the Advanced Reactive Strike (AReS) missile system. The partnership focuses...
Pentagon Proposes $1.5 Trillion Budget, Largest Military Spending Hike Since WWII
The Pentagon unveiled a $1.5 trillion defense budget proposal for fiscal year 2027. This package represents the largest annual military expenditure increase...
GE Aerospace Joins Pentagon Weapons Talks, Aiming to Scale Drone Production
Pentagon officials held high-level meetings with GE Aerospace and major U.S. automakers to increase domestic weapons production. These discussions focused...
Lockheed Martin to arm Navy warships with PAC-3 missiles, boosting defense
The U.S. government awarded Lockheed Martin a contract to develop, integrate, and test the Patriot Advanced Capability-3 (PAC-3) Missile Segment Enhancement...
RTX Boosts 2026 Outlook, Driven by $271 Billion Backlog
RTX (NYSE: RTX) reported first-quarter 2026 results that exceeded analyst expectations. Sales reached $22.1 billion, a 9% increase over the previous year....
Congress Scraps Next-Gen Patriot Program, Prioritizing Immediate Global Demand
Congress canceled the Lower-Tier Future Interceptor (LTFI) program by cutting its 2026 budget funding. The LTFI initiative sought to develop next-generation...
Congress Scraps Next-Gen Patriot Program, Prioritizing Current PAC-3 Production
The U.S. Congress canceled the Lower-Tier Future Interceptor (LTFI) program by excluding it from the 2026 budget. This initiative was designed to develop a new...
US Air Force Seeks $3.2B for Spare Parts, Citing Readiness Crisis
The U.S. Air Force is requesting $3.2 billion for spare parts to combat a deepening aircraft readiness crisis. This request is part of a broader $15.4 billion...
US and Philippines Launch 4,000-Acre Hub, Securing Critical Tech Supply Chains
The Philippines and the United States will establish a 4,000-acre industrial hub within the Luzon economic corridor. This economic security zone provides a...
Russia Plans 7 Monthly Ukraine Strikes, Boosting Defense Contractor Orders
Russia escalated its aerial assault on Ukraine with a protracted series of missile and drone attacks. The strikes killed at least 18 people across several...
RTX Powers Northrop’s Talon Blue Drone, Accelerating Air Force CCA Program
RTX’s Pratt & Whitney will provide the propulsion system for Northrop Grumman’s YFQ-48A Talon Blue. The aircraft serves as a prototype for the U.S. Air Force’s...
RTX Wins $904.6 Million Army Contract, Strengthening Hypersonic Missile Defenses
RTX’s Raytheon division secured a $904.6 million contract modification from the U.S. Army. This award funds the low-rate initial production of five Lower Tier...
RTX Secures $905M Army Contract for LTAMDS, Advancing Missile Defense Modernization
RTX subsidiary Raytheon secured a $904.6 million contract modification from the U.S. Army. This award funds the low-rate initial production of the Lower Tier...
RTX Secures European Approval for GTF Engine, Clearing Path for Deliveries
RTX's Pratt & Whitney division secured certification from the European Aviation Safety Agency (EASA) for its GTF Advantage engine. This approval allows the...
RTX lands $904.6M Army contract, scaling 360-degree missile defense radar
RTX secured a $904.6 million contract from the U.S. Army to produce the Lower Tier Air and Missile Defense Sensor (LTAMDS). This agreement accelerates the...
Japan and EU Launch Defense Dialogue, Targeting Supply Chain Resilience
Japan and the European Union convened their first defense industry dialogue in Brussels to reinforce industrial foundations. This private-sector-led initiative...
Boeing scales satellite production 6x, launching Resolute platform for surging demand
Boeing announced on Thursday a major expansion of its satellite production capacity through its subsidiary, Millennium Space Systems. The company launched...
Pentagon taps GM and Ford for weapons, seeking faster military production
Senior Pentagon officials held preliminary talks with executives from General Motors, Ford, and GE Aerospace. The discussions explored the potential for these...
Lockheed Martin Lands $868 Million for Nuclear Missiles and F-35 Jets
Lockheed Martin secured two U.S. Department of War contracts totaling approximately $868 million. The primary award is an $850.4 million modification for the...