Defense Stocks (ITA, GE, BA, RTX, HWM) Hit New Highs As Military AI Spending Race Accelerates
Investors are piling into defense stocks as rising military budgets, depleted weapons stockpiles, and AI battlefield technology create a powerful tailwind for the sector. The momentum pushed the iShares U.S. Aerospace and Defense ETF (ITA) to its first intraday record high in four months on Monday, lifted by gains across GE Aerospace (GE), Boeing (BA),…