Defense sector bullish after president call for spending

President Trump called for a $20 billion increase in defense spending while cutting other programs. The defense sector rallied after the president made his budget proposal. Here is the market effect:

iShares US Aerospace and Defense ETF (ITA): +1%/day

SPDR S&P Aerospace & Defense ETF (XAR): +1%/day

PowerShares Aerospace & Defense (PPA): +0.7/day

iShares US Aerospace and Defense ETF (ITA): +8.2%/YTD

SPDR S&P Aerospace & Defense ETF (XAR): 8.7%/YTD

PowerShares Aerospace & Defense (PPA): 6.3%/YTD

SPDR S&P 500 ETF (SPY): 5.27%/YTD

The increase in spending will be bullish for the sector and the supply chain. 3rd or 4th+ party suppliers to the major defense companies will benefit from the increase. Is your small business ready? Now is the time to implement an ISO 27001 Information Security Management System or an ISO 28000 Supply Chain Security Management System to show your customers your dedication to protecting their business interests. We provide training and consulting services for many different ISO standards. Contact us today to discuss your goals and needs.