Wayne Sanders

The US and Israel are engaging in heavy kinetic strikes. Wasser notes "precious few air defense missiles in the region" are being used up against Iranian drones/missiles. Sanders mentions the use of Patriot and THAAD systems. Grant states the US will "unwind every piece of military hardware in Iran" and mentions B-2 bomber strikes. High-intensity conflict depletes munitions rapidly. RTX (Patriot missiles) and LMT (THAAD/F-35) will see immediate replenishment demand. The destruction of Iranian air defenses and the need for stealth (NOC's B-2/B-21) reinforces the long-term capex cycle for defense primes. LONG. The "expenditure rate" of munitions is higher than current stockpiles, guaranteeing future contracts. A quick diplomatic resolution or a War Powers Resolution limiting funding/scope (though deemed unlikely to pass a veto).

The US and Israel are engaging in heavy kinetic strikes. Wasser notes "precious few air defense missiles in the region" are being used up against Iranian drones/missiles. Sanders mentions the use of Patriot and THAAD systems. Grant states the US will "unwind every piece of military hardware in Iran" and mentions B-2 bomber strikes. High-intensity conflict depletes munitions rapidly. RTX (Patriot missiles) and LMT (THAAD/F-35) will see immediate replenishment demand. The destruction of Iranian air defenses and the need for stealth (NOC's B-2/B-21) reinforces the long-term capex cycle for defense primes. LONG. The "expenditure rate" of munitions is higher than current stockpiles, guaranteeing future contracts. A quick diplomatic resolution or a War Powers Resolution limiting funding/scope (though deemed unlikely to pass a veto).

The US has depleted sophisticated missile interceptors such as PAC-3, SM-3 and SM-6, and the DoD is now pushing RTX and Lockheed Martin to sharply increase production. RTX and Lockheed Martin are seeing tripling and quadrupling demand to rebuild inventories, with PAC-3 output planned to ramp from 650 interceptors per year to 2,000 by 2030. L3Harris supplies propulsion and Honeywell supplies guidance and control, making them direct beneficiaries of the interceptor production surge.

The US has depleted sophisticated missile interceptors such as PAC-3, SM-3 and SM-6, and the DoD is now pushing RTX and Lockheed Martin to sharply increase production. RTX and Lockheed Martin are seeing tripling and quadrupling demand to rebuild inventories, with PAC-3 output planned to ramp from 650 interceptors per year to 2,000 by 2030. L3Harris supplies propulsion and Honeywell supplies guidance and control, making them direct beneficiaries of the interceptor production surge.

The US and Israel are engaging in heavy kinetic strikes. Wasser notes "precious few air defense missiles in the region" are being used up against Iranian drones/missiles. Sanders mentions the use of Patriot and THAAD systems. Grant states the US will "unwind every piece of military hardware in Iran" and mentions B-2 bomber strikes. High-intensity conflict depletes munitions rapidly. RTX (Patriot missiles) and LMT (THAAD/F-35) will see immediate replenishment demand. The destruction of Iranian air defenses and the need for stealth (NOC's B-2/B-21) reinforces the long-term capex cycle for defense primes. LONG. The "expenditure rate" of munitions is higher than current stockpiles, guaranteeing future contracts. A quick diplomatic resolution or a War Powers Resolution limiting funding/scope (though deemed unlikely to pass a veto).

The US and Israel are engaging in heavy kinetic strikes. Wasser notes "precious few air defense missiles in the region" are being used up against Iranian drones/missiles. Sanders mentions the use of Patriot and THAAD systems. Grant states the US will "unwind every piece of military hardware in Iran" and mentions B-2 bomber strikes. High-intensity conflict depletes munitions rapidly. RTX (Patriot missiles) and LMT (THAAD/F-35) will see immediate replenishment demand. The destruction of Iranian air defenses and the need for stealth (NOC's B-2/B-21) reinforces the long-term capex cycle for defense primes. LONG. The "expenditure rate" of munitions is higher than current stockpiles, guaranteeing future contracts. A quick diplomatic resolution or a War Powers Resolution limiting funding/scope (though deemed unlikely to pass a veto).

European defense has a coordination problem rather than a spending problem; as AI, drones, cyber, and electronic warfare merge, US tech firms such as Palantir and Scale AI partnering with European champions BAE and Leonardo should see a lot of movement.

European defense has a coordination problem rather than a spending problem; as AI, drones, cyber, and electronic warfare merge, US tech firms such as Palantir and Scale AI partnering with European champions BAE and Leonardo should see a lot of movement.

European defense has a coordination problem rather than a spending problem; as AI, drones, cyber, and electronic warfare merge, US tech firms such as Palantir and Scale AI partnering with European champions BAE and Leonardo should see a lot of movement.

The US and Israel are engaging in heavy kinetic strikes. Wasser notes "precious few air defense missiles in the region" are being used up against Iranian drones/missiles. Sanders mentions the use of Patriot and THAAD systems. Grant states the US will "unwind every piece of military hardware in Iran" and mentions B-2 bomber strikes. High-intensity conflict depletes munitions rapidly. RTX (Patriot missiles) and LMT (THAAD/F-35) will see immediate replenishment demand. The destruction of Iranian air defenses and the need for stealth (NOC's B-2/B-21) reinforces the long-term capex cycle for defense primes. LONG. The "expenditure rate" of munitions is higher than current stockpiles, guaranteeing future contracts. A quick diplomatic resolution or a War Powers Resolution limiting funding/scope (though deemed unlikely to pass a veto).