State Street SPDR S&P Aerospace & Defense ETF News - April 24, 2026
Ondas Completes Mistral Merger, Boosting Defense Backlog to $457 Million
Ondas Inc. (Nasdaq:ONDS) finalized its merger with U.S. defense prime contractor Mistral Inc. The transaction is valued at $175 million. This acquisition...
Pentagon accelerates 14 missile programs, boosting procurement budget by 188%
The Pentagon's Munitions Acceleration Council identified 14 critical weapon systems for a major production ramp-up. Fiscal 2027 budget documents released today...
Lockheed Martin Exits $15B Navy Jet Contest, Narrowing Trainer Field
Lockheed Martin and Korea Aerospace Industries have withdrawn from the U.S. Navy’s Undergraduate Jet Training System (UJTS) competition. The decision follows...
U.S. Air Force Orders 4,300 JASSM Missiles, Replacing Stocks After Iran Conflict
The U.S. Air Force announced a procurement plan on April 23, 2026. This plan involves acquiring nearly 4,300 AGM-158 Joint Air-to-Surface Standoff Missiles...
RTX Hikes 2026 Outlook, Citing Record $271 Billion Backlog
RTX Corporation reported adjusted first-quarter 2026 revenue of $22.1 billion. Adjusted earnings per share reached $1.78. Revenue grew 9% year-over-year....
Lockheed Martin Reports 13% Profit Drop, Offset by Surging PAC-3 Demand
Lockheed Martin reported first-quarter sales of $18 billion. Revenue remained flat compared to the same period last year. Net earnings fell to $1.5 billion...
Pentagon accelerates Golden Dome missile shield, driving defense industry demand
Senior U.S. defense officials announced the Golden Dome for America missile defense initiative is advancing ahead of schedule. This next-generation layered...
Defense firms face contract termination, following new federal DEI ban
Federal Acquisition Regulation (FAR) clause 52.222-90 takes effect today, April 24, 2026. The rule implements President Trump’s March 26 executive order...