Macro
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month values ▾
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|
| +0.50 | +0.18 | +0.40 | +0.40 | +0.40 | +0.40 | +0.40 | +0.40 | +0.40 | +0.30 | +0.30 | +0.30 |
War spending stayed near peak and government contracts insulated the sector from the financial crisis, but the deficit and Obama's November election on an Iraq-drawdown promise clouded the future budget.
How this mood is scored ▾
Northrop Grumman and European Aeronautic Defence and Space Co. (EADS) secured a $35 billion U.S. Air Force contract to build 179 refueling tankers, defeating Boeing. The surprise decision disrupts Boeing's 50-year hold on tanker production and marks a major shift in defense procurement. The award is the first of up to $100 billion in contracts to modernize the Air Force’s aging tanker fleet, with significant implications for defense sector market dynamics.