The iShares U.S. Aerospace & Defense ETF (ITA) rose to $154.62, up 1.14% as of 2:38 PM ET on November 26th. The aerospace and defense sector is experiencing a boost following several significant developments. Notably, the U.S. Navy awarded L3Harris a nearly $1 billion IDIQ contract, which underscores the ongoing investment in defense capabilities. Additionally, the U.S. Air Force has once again selected Gulfstream for fleet support, highlighting continued demand for advanced military aircraft. In the commercial aerospace sector, Airbus is finalizing the adaptation of its assembly-line stations for the A350 freighter, indicating robust activity in aircraft manufacturing. Furthermore, Embraer has chosen Fokker Services Group for modification work on Dutch C-390 airlifters, reflecting strong international collaboration in defense projects. These developments contribute to a positive outlook for the aerospace and defense industry, driving investor interest and market performance.