State Street SPDR S&P Aerospace & Defense ETF News - March 20, 2026
FedEx hikes 2026 profit forecast, citing record market-share gains
FedEx Corp. exceeded analyst expectations for its fiscal third quarter of 2026. The company reported adjusted earnings of $5.25 per share, surpassing the...
Raytheon Secures $8.4B SM-3 Contract Boost Amid Rising Geopolitical Tensions
The U.S. Missile Defense Agency (MDA) awarded Raytheon, an RTX business, an $8.4 billion ceiling increase for its Standard Missile-3 (SM-3) program. This...
RTX Secures $1.22B UAE Missile Sale, Bolstering Defenses Against Iran
The U.S. State Department approved a $1.22 billion emergency foreign military sale to the United Arab Emirates. The transaction includes 400 AIM-120C-7/C-8...
Pentagon requests $200 billion for Iran war, targeting energy infrastructure
The Pentagon is preparing a $200 billion supplemental funding request to finance the ongoing war with Iran. Officials confirmed the move on March 20 following...
US Approves $16B Middle East Arms Sales, Boosting Defense Sector Revenue
The U.S. State Department approved over $16 billion in potential Foreign Military Sales to the UAE, Kuwait, and Jordan. Officials authorized the deals on March...
U.S. Army validates Apache drone-kill, boosting outlook for legacy defense programs
The U.S. Army confirmed an AH-64E Apache helicopter destroyed a drone during a March 19 live-fire exercise in Germany. This Operation Skyfall demonstration...