Additionally, the iShares U.S. Aerospace & Defense ETF (ITA) was rising Monday morning after this news.
Defense in the Trader Blitz
Howard Rubel, Jeffries managing director of equity research, discusses the impact of President Trump's trip to the Middle East on the defense sector and gives his top picks.
The stock market may be priced for perfection, but here's why it's not all that hard to swallow.
Top defense companies had first-quarter earnings calls this week and one common theme was management displeasure about the budget stalemate.
A Blitz filled with big names
A US government shutdown could cause massive Pentagon furloughs and impact contractors
Jim Cramer added some color to a stock that has the potential to paint profits on Wall Street.
Jim Cramer speeds through his take on caller favorite stocks, including this health products retailer.
To better understand how the Armed Forces could undergo a "great rebuilding," look no further than the T-X Trainer competition.
CNBC's Morgan Brennan uses data partner Kensho to see if defense stocks will continue to rally, according to history.
The Air Force will decide on its next-generation jet trainer later this year but pressure may have eased on Boeing to score a win.
Lockheed Martin is getting offered a "block buy" for its F-35 aircraft in exchange for a Navy deal with Boeing, according to a report.
The Air Force's super-secret B-21 long-range strike bomber under development will feature flexible technology to stave off obsolescence.
North Korea's latest missile firing was a wake-up call for the U.S. military on several fronts.
Threats from abroad and congressional hearings scheduled Wednesday could highlight the need to update the weapons technology.
One strategist says the recent rally in defense stocks isn't over yet.
Citi Research on Wednesday issued an unfavorable tone on defense stocks, downgrading two companies to neutral from buy.
President Trump pledges to increase military spending as arms sales boom globally. What does this mean for U.S defense companies?
Under Trump's proposal, most federal agencies will face budget reductions.