Budgets and Baselines
Published . Updated .
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How Canada’s defence spending projections look depends on one’s expectations
Directly affected
- No company is named in this report.
Indirectly affected
- ITA iShares U.S. Aerospace & Defense ETF+1.1% 30d
iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “defence” (defense) in this story.
- XAR SPDR S&P Aerospace & Defense ETF-4.4% 30d
SPDR S&P Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “defence” (defense) in this story.
- EWC iShares MSCI Canada ETF+0.9% 30d
iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“canada”).
- LMT Lockheed Martin+10.9% 30d
Lockheed Martin (guided missiles and space vehicles and parts): defense contractors gain when military spending rises. Linked by “defence” (defense) in this story.
- RTX Rtx-0.8% 13d
Rtx (aircraft engines and engine parts): defense contractors gain when military spending rises. Linked by “defence” (defense) in this story.
- NOC Northrop Grumman+2.9% 30d
Northrop Grumman (search, detection, navigation, guidance, aeronautical sys): defense contractors gain when military spending rises. Linked by “defence” (defense) in this story.
- GD General Dynamics+5.9% 30d
General Dynamics (ship and boat building and repairing): defense contractors gain when military spending rises. Linked by “defence” (defense) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| ITA | +3.67% | +2.77% | base | after close | after close | after close | after close |
| XAR | +2.91% | +0.53% | base | after close | after close | after close | after close |
| EWC | +1.43% | +3.07% | base | after close | after close | after close | after close |
| LMT | +13.41% | +4.87% | base | after close | after close | after close | after close |
| RTX | +7.00% | +4.71% | base | after close | after close | after close | after close |
| NOC | +5.74% | -0.01% | base | after close | after close | after close | after close |
| GD | +5.43% | +3.00% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Budgets and Baselines Debating Canadian Defence
Source: Debating Canadian Defence
This story
| Company | When | Move | Status |
|---|---|---|---|
| EWC | three days earlier | +3.07% | final price |
| EWC | five days earlier | +1.43% | final price |
| GD | three days earlier | +3.00% | final price |
| GD | five days earlier | +5.43% | final price |
| ITA | three days earlier | +2.77% | final price |
| ITA | five days earlier | +3.67% | final price |
| LMT | three days earlier | +4.87% | final price |
| LMT | five days earlier | +13.41% | final price |
| NOC | three days earlier | -0.01% | final price |
| NOC | five days earlier | +5.74% | final price |
| RTX | three days earlier | +4.71% | final price |
| RTX | five days earlier | +7.00% | final price |
| XAR | three days earlier | +0.53% | final price |
| XAR | five days earlier | +2.91% | final price |
This story
- Rep. Kevin Hern sold Lockheed Martin (LMT) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 45 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Kevin Hern sold Lockheed Martin (LMT) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 45 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Kevin Hern sold Lockheed Martin (LMT) (jointly held), worth $15,001 - $50,000 on 17 Sep 2026. That is 51 days before publication. Filed 13 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
How solid “Budgets and Baselines” looks
12 out of 100
“Budgets and Baselines” scores 12 out of 100. The score uses 1 sources.