Defense stocks have staged one of the most powerful rallies in recent months, and Wall Street says the move may still be in its early innings.Shares tied to defense contractors – closely tracked by the State Street SPDR S&P Aerospace & Defense ETF (NYSE:XAR) – have rallied by nearly 100% since April 2025 lows. Only gold miners have posted a stronger rebound over that stretch.For the defense industry, the current 10-month rolling return now exceeds the surge recorded in the aftermath of March 2009The questio ...