We reported that the head of US Transportation Command, USAF Gen. Norton Scwhartz, in testimony last week said that he could use additional C-17s—20 would be his number. That is correct. However, he also said that, from a “combatant command point of view,” he would get more benefit from a hybrid tanker. It would, he said, “give this nation greater payback than does the 181st C-17, the 201st, or certainly the 221st.” Schwartz then declared he could use additional C-17s, but he would like to see them purchased “as a cost of war” in a supplemental, so that the Pentagon could get on with a tanker buy.
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.