Defense Spending as a Share of GDP in Fou GIUK Gap Allies, 2014-2025
Published . Updated .
Figure: Denmark and Norway more than doubled spending shares after 2022, yet aircraft lag.
Directly affected
- No company is named in this report.
Indirectly affected
- ITA iShares U.S. Aerospace & Defense ETF-3.2% 30d
iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “defense” (defense) in this story.
- XAR SPDR S&P Aerospace & Defense ETF-7.5% 30d
SPDR S&P Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “defense” (defense) in this story.
- VGK Vanguard FTSE Europe ETF
Vanguard FTSE Europe ETF holds stocks listed in Europe, which this story is about (“norway”).
- RTX Rtx+1.1% 7d
Rtx (aircraft engines and engine parts): defense contractors gain when military spending rises. Linked by “defense” (defense) in this story.
- LMT Lockheed Martin+19.1% 30d
Lockheed Martin (guided missiles and space vehicles and parts): defense contractors gain when military spending rises. Linked by “defense” (defense) in this story.
- NOC Northrop Grumman+7.8% 30d
Northrop Grumman (search, detection, navigation, guidance, aeronautical sys): defense contractors gain when military spending rises. Linked by “defense” (defense) in this story.
- GD General Dynamics-0.4% 30d
General Dynamics (ship and boat building and repairing): defense contractors gain when military spending rises. Linked by “defense” (defense) in this story.
- GE GE Aerospace-6.1% 30d
GE Aerospace (electronic and other electrical equipment (no computer equip)): aircraft makers and suppliers move with orders and air travel. Linked by “aircraft” (aerospace) 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 | -0.49% | -1.27% | base | after close | after close | after close | after close |
| XAR | -0.64% | -2.29% | base | after close | after close | after close | after close |
| VGKNo price data for this ticker | — | — | — | — | — | — | — |
| RTX | -2.10% | -1.45% | base | after close | after close | after close | after close |
| LMT | -13.64% | -7.12% | base | after close | after close | after close | after close |
| NOC | -5.58% | -2.36% | base | after close | after close | after close | after close |
| GD | -3.56% | -1.75% | base | after close | after close | after close | after close |
| GENo price data for this ticker | — | — | — | — | — | — | — |
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.
Market Call
Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.
Defense Spending as a Share of GDP in Fou GIUK Gap Allies, 2014-2025 economy.ac
Source: https://economy.ac/
The price since 27 Oct 2026: IShares U.S. Aerospace & Defense ETF (ITA) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| General Dynamics (GD) | three days earlier | -1.75% | final price |
| General Dynamics (GD) | five days earlier | -3.56% | final price |
| IShares U.S. Aerospace & Defense ETF (ITA) | three days earlier | -1.27% | final price |
| IShares U.S. Aerospace & Defense ETF (ITA) | five days earlier | -0.49% | final price |
| Lockheed Martin (LMT) | three days earlier | -7.12% | final price |
| Lockheed Martin (LMT) | five days earlier | -13.64% | final price |
| Northrop Grumman (NOC) | three days earlier | -2.36% | final price |
| Northrop Grumman (NOC) | five days earlier | -5.58% | final price |
| Rtx (RTX) | three days earlier | -1.45% | final price |
| Rtx (RTX) | five days earlier | -2.10% | final price |
| Spdr Series Trust (XAR) | three days earlier | -2.29% | final price |
| Spdr Series Trust (XAR) | five days earlier | -0.64% | final price |
Trades by members of Congress and officials in the stocks in this story
- Donald J Trump, an executive branch official, sold Rtx (RTX), worth $100,001 - $250,000 on 31 Jul 2026. That is 88 days before publication. Filed 22 Sep 2026. View the filing.
- Rep. Kevin Hern sold Lockheed Martin (LMT) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 34 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 34 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 40 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar sold General Electric (GE), worth $1,001 - $15,000 on 24 Sep 2026. That is 33 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold General Electric (GE), worth $1,001 - $15,000 on 24 Aug 2026. That is 64 days before publication. Filed 8 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).
Who gains and who loses around IShares U.S. Aerospace & Defense ETF (ITA)
Companies mentioned with this story
- ITA IShares U.S. Aerospace & Defense ETF
In “Defense Spending as a Share of GDP in Fou GIUK Gap Allies, 2014-2025,” IShares U.S. Aerospace & Defense ETF (ITA) is linked, with no stored direction, medium confidence. Reason on file: iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “defense” (defense) in this story
- XAR Spdr Series Trust
In “Defense Spending as a Share of GDP in Fou GIUK Gap Allies, 2014-2025,” Spdr Series Trust (XAR) is linked, with no stored direction, medium confidence. Reason on file: SPDR S&P Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “defense” (defense) in this story
- LMT Lockheed Martin
For “Defense Spending as a Share of GDP in Fou GIUK Gap Allies, 2014-2025,” Lockheed Martin (LMT) is linked, with no stored direction, medium confidence. Reason on file: Lockheed Martin (guided missiles and space vehicles and parts): defense contractors gain when military spending rises. Linked by “defense” (defense) in this story
- RTX Rtx
For “Defense Spending as a Share of GDP in Fou GIUK Gap Allies, 2014-2025,” Rtx (RTX) is linked, with no stored direction, medium confidence. Reason on file: Rtx (aircraft engines and engine parts): defense contractors gain when military spending rises. Linked by “defense” (defense) in this story
- NOC Northrop Grumman
Northrop Grumman (NOC) is linked, with no stored direction, medium confidence in the 27 Oct 2026 story “Defense Spending as a Share of GDP in Fou GIUK Gap Allies, 2014-2025.” Reason on file: Northrop Grumman (search, detection, navigation, guidance, aeronautical sys): defense contractors gain when military spending rises. Linked by “defense” (defense) in this story
- GD General Dynamics
In “Defense Spending as a Share of GDP in Fou GIUK Gap Allies, 2014-2025,” General Dynamics (GD) is linked, with no stored direction, medium confidence. Reason on file: General Dynamics (ship and boat building and repairing): defense contractors gain when military spending rises. Linked by “defense” (defense) in this story
IShares U.S. Aerospace & Defense ETF (ITA)
On 27 Oct 2026, “Defense Spending as a Share of GDP in Fou GIUK Gap Allies, 2014-2025” is the story that connects IShares U.S. Aerospace & Defense ETF (ITA) to this story.
What ties IShares U.S. Aerospace & Defense ETF (ITA) to the headline is this: iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “defense” (defense) in this story
Spdr Series Trust (XAR) is here too. Its reason reads: SPDR S&P Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “defense” (defense) in this story
Price levels for IShares U.S. Aerospace & Defense ETF (ITA)
ITA traded between 197.59 and 211.71 across 20 sessions. The latest close on file is 207.10. LMT traded between 497.32 and 636.49 across 20 sessions. The latest close on file is 635.37. XAR traded between 210.89 and 236.69 across 20 sessions. The latest close on file is 223.45.
A simple score for IShares U.S. Aerospace & Defense ETF (ITA)
46 out of 100
“Defense Spending as a Share of GDP in Fou GIUK Gap Allies, 2014-2025” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.