Macro
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month values ▾
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|
| +0.17 | +0.40 | +0.30 | +0.16 | +0.30 | +0.30 | +0.30 | +0.30 | +0.30 | +0.30 | +0.30 | +0.30 |
The January Soleimani strike spiked Iran tensions and pure-defense revenue held up through COVID (unlike crushed commercial aerospace); Biden's November election introduced budget-flattening risk.
How this mood is scored ▾
The U.S. conducted a drone strike in Baghdad that killed Iranian Quds Force commander Qassem Soleimani and militia leader Abu Mahdi al-Muhandis, escalating geopolitical tensions. The move, framed as defensive by the Pentagon, triggered concerns of retaliation from Iran and boosted defense stocks and oil prices amid fears of regional conflict.
Raytheon and United Technologies completed their merger to form Raytheon Technologies (RTX), a defense and aerospace giant with $74B in 2019 revenue. The deal, approved after divestitures and spinoffs of Carrier and Otis, creates a diversified aerospace and defense leader with strong growth prospects. The combined entity begins trading under RTX, merging Raytheon's defense systems with UTC's aerospace businesses.