Defence & Space —
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What changed in defence and space, and why it mattered.
US Navy hands Raytheon a $24.4 billion SM-6 missile order
This is a major munitions award tied to persistent stockpile concerns, reinforcing RTX's missile backlog and signaling sustained government demand for standoff weapons even as broader defence sentiment cools.
Boeing lands first full-rate Grey Wolf helicopter order and shares rise 3.4%
A first full-rate production order marks a programme moving from development into sustained output, a concrete revenue milestone for Boeing's defence side, and the stock moved with the news.
Airbus to lift British A400M availability by a third
Higher aircraft availability under an existing fleet deal points to improved sustainment economics and reliability for a key European airlifter program, relevant to Airbus's defence services revenue.
Naval stocks weaken broadly as Babcock drops 3.8% and TKMS falls out of its uptrend
The naval group has gone from one-fifth of names holding firm a week ago to none now, with TKMS joining the slide and Babcock down sharply on the day, suggesting investors are pulling back from shipbuilders even as other defence subsectors hold up.
Electronics names weaken further as QinetiQ, Elbit and Teledyne all lose their uptrends
The electronics group has fallen from 40% of names strong a week ago to just 10%, with three names dropping out in the last week, a broad cooling in sentiment toward defence electronics suppliers rather than an isolated move.
Land-munitions stocks turn up as Kongsberg and Chemring cross into strength
This subsector moved from no names holding firm a week ago to two now, a notable shift given RTX's large SM-6 award shows continued government appetite for munitions production across the industry.
Space stocks stay weak with AST SpaceMobile down 3.1% and Redwire losing its uptrend
Space has fallen from about a fifth of names strong a week ago to roughly one in nine now, with Redwire the latest to drop out and AST SpaceMobile selling off on the day, even as early-stage funding news for satellite and suborbital ventures continues.
Published 02/10/2026, 08:01 UTC · claude-sonnet-5