I'd like to get your reaction from what we got over the weekend from Donald Trump air strikes over Iran. I would like to get an idea if you have an appraisal of how imminent the threat from the Iranian nuclear program was. Was it was the American action in violation of international law as a matter of a consequence.Well, the international law says, you know, gives you good to reasons where you can use force. One is self-defense and the other one is by the mandate of the Security Council. So those who use fo ...

Spain’s Economy Minister Carlos Cuerpo discusses the country's defense spending plans as NATO leaders meet in The Hague for a summit expected to endorse the new investment targets. He tells Bloomberg Television that Spain has estimated what it needs to spend and that this amounts to 2.1% of output and that it will remain a "responsible NATO ally." He also comments on the decision by the Spanish government regarding BBVA's bid for Banco Sabadell. 00:00 - Spanish Economy Minister on NATO spending, 2.1% of GDP ...

Where do NATO's members stand. Get us up to speed on where different members of NATO stand on that defense spending and that target of 5%. Yeah.Tom It's worth just sort of noting this moment where we got to have 5%. You know, this is something that Donald Trump had sort of floated in his election campaign, his re-election campaign talking about NATO at 5%. This was basically, I wouldn't say quite laughed at, but completely rejected as a concept, totally unrealistic and basically something that the Nato and ...

Market Trends & Geopolitical Impact - Rising geopolitical tensions, including conflicts in the Middle East and Ukraine, are driving increased defense spending worldwide [1] - The US defense spending remains one of the few areas with strong bipartisan support [1] - Global air traffic continues to rise due to the growing middle class and emerging economies, driving future air travel demand [1] US Defense Budget - President Trump has proposed a $1 trillion (万亿) National Defense Budget for fiscal year 2026, which is up 13% from the previous fiscal year [1] - Key priorities in this budget include the Iron Dome missile defense system, ship building, nuclear modernization, and pay for military personnel [1] ETF Performance & Holdings - iShares Aerospace & Defense ETF (ITA) is the most popular in the space with approximately $79 billion in assets and an expense ratio of 072% [1] - The top three holdings in ITA account for 45% of the portfolio, with GE Aerospace accounting for more than 20% and RTX getting more than 15% weight [1] - Invesco Aerospace & Defense ETF (PPA) has $55 billion in assets and a slightly higher expense ratio of 057% [1] - Global X offers a fund (SHLD) which holds defense technology companies, including industrial companies, cyber security companies, AI, and drone systems [1] - A European ETF (EUND) has surged 65% this year, while the Global X ETF (SHLD) is up about 55% [1]

Well, another sector to watch, aerospace and defense. American military capabilities were on display with Operation Midnight Hammer. 125 aircraft, including seven B2 stealth bombers.Some 75 missiles launched, including 14 GBU 57 massive ordinance penetrators, also known as the bunker buster bombs. Across two nuclear sites, another two dozen Tomahawk missiles launched from a submarine to a third site. It was the largest B2 operational strike in US history, the second longest B2 mission ever flown.following 9 ...

I can announce this government will begin the biggest sustained increase in defense spending since the end of the Cold War. Britain is back on a war footing, but apparently in threadbear shoes. The combat power that the British army can bring to bear is much, much less than it has been able to.It's now its smallest size since the polonic era, losing more people than it's recruiting. Reversing course would require a level of sustained investment that eclipses the timeline of the current prime minister's admi ...

Hi, welcome back to Paris and the Paris Air Show. I'm Philippo live with the COO of Loheed Martin, Frank St. John.Thank you for joining us. Uh, lots to discuss because defense is the topic that is happening right now and a lot of people are saying defense spending. Are we in the beginning stages here given everything we're seeing, Ukraine, the Middle East, or are we sort of in those middle innings.Where would you say we are. Hey Phil, good to see you again. And I would say we are in probably the beginning o ...

We all understand that u European allies will have to take u much greater responsibility for our own defense. uh but uh this transition uh this handover of responsibility from United States more to Europeans will require some time and even if uh we uh adopt the decision to increase significantly defense spending even if uh we apply all uh the measures of uh flexibility and efficiency it will really take uh years uh to replace some of uh uh US strategic enablers. I understand that the United States will try ...

So what do you make of this uh geopolitical tension weighing on the markets. Um you know yesterday there was a lot of optimism at least about inflation with CPI coming in softer than expected. I'm talking about the US markets right now.Do you think this will continue to weigh on the US markets throughout the day. Well um given that the US market has staged a very significant rally basically from bare market to bull market within two months. I think uh there are reasons to expect some pause in that rally or ...

Global Defense Spending - Global defense spending reached an all-time high of $2.72 trillion in 2024, marking a 9.4% year-over-year increase, the sharpest rise since the Cold War era [1] - The top five spenders—United States, China, Russia, Germany, and India—accounted for 60% of the global defense budget, with U.S. military expenditure growing by 5.7% to $997 billion, representing 37% of total global defense spending [2] European Union Defense Spending - EU member states are expected to increase annual defense spending by around €80 billion ($84 billion) by 2027, equivalent to roughly 0.5% of GDP [6] - Defense expenditures in the euro area accounted for 1.8% of GDP in 2024, projected to rise to 2.4% by 2027, with Germany's military spending jumping 28% to $88.5 billion [7] Factors Driving Increased Spending - Global defense spending has been rising since Russia's invasion of Ukraine, with Europe significantly increasing military equipment purchases from non-EU suppliers [8] - All 32 NATO members increased defense budgets in 2024, with 18 countries meeting or exceeding the bloc's 2% of GDP target [9] Aerospace and Defense Sector Performance - The aerospace sector saw earnings grow by 23.2% in Q1, with an 85.7% beat ratio, while revenues increased by 0.2% with a 71.4% beat ratio [5] - The Zacks Aerospace-Defense industry ranks in the top 20% of over 250 Zacks industries, indicating strong investor interest in defense and aerospace stocks [10] Exchange-Traded Funds (ETFs) in Aerospace and Defense - Several ETFs focus on the aerospace and defense sector, including iShares U.S. Aerospace & Defense ETF (ITA), Invesco Aerospace & Defense ETF (PPA), and SPDR S&P Aerospace & Defense ETF (XAR), each with varying fee structures [12][13][14] - The Global X Defense Tech ETF (SHLD) provides exposure to defense technology companies, with a significant allocation to the U.S. [15]