Despite telling Senators that he believes the current plan to upgrade C-5As will win out, Deputy SECDEF England acknowledged that the “higher-than-anticipated usage of the C-17” means the Pentagon “will need likely a few more airplanes.” However, England said that is an issue for the 2008 budget not the 2007 budget.
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.