Iran’s $2 billion military procurement network slips past sanctions
Published . Updated .
From January 2025 through June 2026, Reuters found that MOD 346428 imported $2.3 billion of military hardware, according to the ImportGenius records.
Directly affected
- No company is named in this report.
Indirectly affected
- ITA iShares U.S. Aerospace & Defense ETF-3.0% 30d
iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “military” (defense) in this story.
- XAR SPDR S&P Aerospace & Defense ETF-6.6% 30d
SPDR S&P Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “military” (defense) in this story.
- USO United States Oil Fund+13.9% 30d
United States Oil Fund: its price follows crude oil. Linked by “iran” (oil) in this story.
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “iran” (tanker shipping) in this story.
- LMT Lockheed Martin+19.0% 30d
Lockheed Martin (guided missiles and space vehicles and parts): defense contractors gain when military spending rises. Linked by “military” (defense) in this story.
- RTX Rtx+2.3% 11d
Rtx (aircraft engines and engine parts): defense contractors gain when military spending rises. Linked by “military” (defense) in this story.
- NOC Northrop Grumman+5.9% 30d
Northrop Grumman (search, detection, navigation, guidance, aeronautical sys): defense contractors gain when military spending rises. Linked by “military” (defense) in this story.
- GD General Dynamics+5.3% 30d
General Dynamics (ship and boat building and repairing): defense contractors gain when military spending rises. Linked by “military” (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 |
|---|---|---|---|---|---|---|---|
| ITANo price data for this ticker | — | — | — | — | — | — | — |
| XARNo price data for this ticker | — | — | — | — | — | — | — |
| USO | -2.52% | -0.26% | base | +0.32% | +1.30% | after close | after close |
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| LMT | -6.34% | +0.84% | base | +2.41% | +1.45% | after close | after close |
| RTX | -0.76% | +0.70% | base | +1.78% | +2.22% | after close | after close |
| NOCNo price data for this ticker | — | — | — | — | — | — | — |
| GDNo 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.
Iran’s $2 billion military procurement network slips past sanctions Middle East Online
Source: Middle East Online
Defense
| Company | When | Move | Status |
|---|---|---|---|
| LMT | that day | +2.41% | final price |
| LMT | the next day | +1.45% | final price |
| LMT | three days earlier | +0.84% | final price |
| LMT | five days earlier | -6.34% | final price |
| RTX | that day | +1.78% | final price |
| RTX | the next day | +2.22% | final price |
| RTX | three days earlier | +0.70% | final price |
| RTX | five days earlier | -0.76% | final price |
| USO | that day | +0.32% | final price |
| USO | the next day | +1.30% | final price |
| USO | three days earlier | -0.26% | final price |
| USO | five days earlier | -2.52% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Kevin Hern sold Lockheed Martin (LMT) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 36 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 36 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 42 days before publication. Filed 13 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold RTX, worth $100,001 - $250,000 on 31 Jul 2026. That is 90 days before publication. Filed 22 Sep 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 the defense case looks
12 out of 100
“Iran’s $2 billion military procurement network slips past sanctions” scores 12 out of 100. The score uses 1 sources.