US awards up to USD 3.2bln in Golden Dome contracts to companies including Lockheed Martin (LMT), General Dynamics (GD), SpaceX, and Anduril
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Pakistani journalist Mallick says the visit of the Iran Foreign Minister to Pakistan will not be brief, contrary to reports; adds the Minister arrives later tonight
NY Fed GDP Nowcast (Q1 2026): 2.36% (prev. 2.31%), Q2 26 2.81% (prev. 2.75%)
US awards up to USD 3.2bln in Golden Dome contracts to companies including Lockheed Martin (LMT), General Dynamics (GD), SpaceX, and Anduril
Iran stock market trading will be suspended next week, commodity exchange trading and other capital market instruments will continue unchanged, IRIB News reports
EU Trade Commissioner Sefcovic says he discussed critical minerals and steel with US Commerce Secretary Lutnick, and the EU and US agreed to accelerate discussions on steel derivatives
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Context
The U.S. awarding up to $3.2 billion in defense contracts to major players like Lockheed Martin and SpaceX signals a strong governmental backing for the defense sector, which could bolster these firms' stocks and overall market sentiment. This significant investment may also indicate a strategic pivot in defense priorities, reinforcing growth expectations for the industry and possibly attracting further investments in related sectors.
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