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.