Last week, the Pentagon met with Lockheed Martin (NYSE:LMT), Raytheon Technologies (NYSE:RTX), and Boeing (NYSE:BA), among others, to discuss Ukraine-related weapons production. The meeting comes as Biden announced more military aid for Ukraine: Last week, Biden announced $800M in military aid for Ukraine — including weapons and ammunition. Tuesday’s NBC report expects the release of…
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Defense stocks jump alongside as Germany increases spending
Defense stocks are rising with the news of tragic events — with Germany leading the charge. What’s the big deal? Yesterday, Germany announced plans to spend over ~$111B (>2% of Germany’s annual GDP) to modernize its armed forces. The SPDR S&P Aerospace and Defense ETF (NYSE:XAR) — a basket of US aerospace and defense companies…
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