US Approves $93M Weapon Sale to India: A Boost for Defense ETFs

In a significant boost to U.S.-India strategic ties, the United States has officially approved $93 million in weapon sales to India, covering the supply of up to 100 Javelin anti-tank missiles and 216 Excalibur precision-guided artillery rounds, as reported by the BBC. The transaction, aimed at enhancing India’s ability to counter current and emerging threats, should boost the revenue generation prospects for the American defense companies that manufacture these advanced weapon systems. Consequently, this p ...