The Eye of the Beholder: Deputy Secretary of Defense Gordon England took exception with Air Force leaders who would rather retire C-5As and buy additional C-17s with the savings. England told the Senate Armed Services Committee Wednesday, “In my judgment, this will come out that we will upgrade the C-5s.” The Air Force plans to ask lawmakers to remove a Congressional restriction on retiring the C-5As. England admits that “people are still, frankly, looking at this issue,” but he maintains that it’s a question of “timing”—the C-5s are needed.
Iran War Boosts Defense Stocks, at Least for Now
March 2, 2026
Defense specialists’ stock prices jumped March 2, the first day of trading since the United States and Israel launched attacks on Iran, led by the makers of munitions, high-tech defense specialists, and major prime contractors.