State Street SPDR S&P Aerospace & Defense ETF News - April 21, 2026
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...