The iShares U.S. Aerospace & Defense ETF (ITA) rose to $154.28, up 0.92% as of 10:27 AM ET on November 26th. The aerospace and defense sector is experiencing a boost, driven by several key developments. Notably, the U.S. Navy awarded L3Harris a nearly $1 billion IDIQ contract, underscoring the ongoing demand for advanced defense technologies. Additionally, the delivery of the first Global 6500 aircraft to the U.S. Army's HADES program by Bombardier Defense highlights the sector's robust activity. The defense industry continues to benefit from geopolitical tensions, with ongoing conflicts in Ukraine and the Middle East fueling investor interest in defense stocks. The recent announcement of the Department of Government Efficiency by President-elect Donald Trump, which aims to restructure federal agencies, has also stirred market sentiment. Analysts at Jefferies have noted that Trump's focus on allies paying their share could impact defense sentiment, yet the long-term growth potential remains strong.