The iShares U.S. Aerospace & Defense ETF (ITA) is up 3% in pre-market trading on Wednesday, November 20, reaching $155.51 as of 8:08 AM ET, driven by positive developments in the aerospace and defense sectors. Boeing's recent progress in resolving labor disputes has contributed to a more optimistic outlook for the aerospace industry. The company's union has endorsed a revised contract offer, potentially ending a prolonged strike that has impacted production. This development is expected to alleviate operational disruptions and improve Boeing's production capabilities. Additionally, SpaceX's successful completion of its sixth Starship flight has bolstered confidence in the space exploration sector, highlighting advancements in reusable rocket technology. The rally in space stocks, partly attributed to the 'Trump-Elon trade,' reflects growing investor optimism about the future of space exploration and its potential economic impact.