Iran war has cost on average $246 million per day in its first five months, CBO finds
Published . Updated .
CBO estimates the Iran war cost the Pentagon $38.1 billion through Aug. 1 and could cost another $2 billion to $3 billion each additional month.
Directly affected
- No company is named in this report.
Indirectly affected
- FRO Frontline
Tanker operators earn more when freight rates spike
- INSW International Seaways
Tanker operators earn more when freight rates spike
- DHT DHT Holdings
Tanker operators earn more when freight rates spike
- TNK Teekay Tankers
Tanker operators earn more when freight rates spike
- USO United States Oil Fund
Oil prices move when Iranian supply is at risk
- XLE Energy Select Sector SPDR
Energy companies move with Iran supply risk
- LMT Lockheed Martin
Defense contractors get more work when conflict spending rises
- RTX RTX
Defense contractors get more work when conflict spending rises
- XOM Exxon Mobil
Oil producers earn more when crude prices rise
- DAL Delta Air Lines
Airlines pay more for fuel when oil prices jump
Price reaction, T-5 to T+3
How far IShares U.S. Aerospace & Defense ETF (ITA) has moved since 15 Sep 2026
Since the first closing price after “Iran war has cost on average $246 million per day in its first five months, CBO finds,” IShares U.S. Aerospace & Defense ETF (ITA) is -3.57%. The S&P 500 fund (SPY) is +1.66% over the same days, a -5.23% difference versus the market. industrial stocks (XLI) is -1.17%, a -2.40% difference versus that group of stocks.
Who reported a IShares U.S. Aerospace & Defense ETF (ITA) trade near this story
- Maria Elvira Salazar sell General Electric (GE) ($1,001 - $15,000). That is 9 days after publication, inside 30 days. The filing is listed beside the story “Iran war has cost on average $246 million per day in its first five months, CBO finds.”
- Byron Donalds sell Howmet Aerospace (HWM) ($1,001 - $15,000). That is 35 days before publication, inside 60 days. The filing is listed beside the story “Iran war has cost on average $246 million per day in its first five months, CBO finds.”
- Byron Donalds sell Howmet Aerospace (HWM) ($1,001 - $15,000). That is 35 days before publication, inside 60 days. The filing is listed beside the story “Iran war has cost on average $246 million per day in its first five months, CBO finds.”
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).
IShares U.S. Aerospace & Defense ETF (ITA) on one side of this defense story
Companies tied to this story
- ITA IShares U.S. Aerospace & Defense ETF
IShares U.S. Aerospace & Defense ETF (ITA) is linked, with no stored direction, medium confidence in the 15 Sep 2026 story “Iran war has cost on average $246 million per day in its first five months, CBO finds.” Reason on file: Material security escalation can alter defense demand expectations and risk premia
- XAR Spdr Series Trust
Spdr Series Trust (XAR) is linked, with no stored direction, medium confidence in the 15 Sep 2026 story “Iran war has cost on average $246 million per day in its first five months, CBO finds.” Reason on file: Material security escalation can alter defense demand expectations and risk premia
- AADX Applied Aerospace & Defense
For “Iran war has cost on average $246 million per day in its first five months, CBO finds,” Applied Aerospace & Defense (AADX) is linked, with no stored direction, medium confidence. Reason on file: GA selected AADX as a RELATED security because its canonical security name directly matches this event's themes: aerospace, defense. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- CDP Copt Defense Properties
In “Iran war has cost on average $246 million per day in its first five months, CBO finds,” Copt Defense Properties (CDP) is linked, with no stored direction, medium confidence. Reason on file: GA selected CDP as a RELATED security because its canonical security name directly matches this event's themes: defense. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- FLY Firefly Aerospace
For “Iran war has cost on average $246 million per day in its first five months, CBO finds,” Firefly Aerospace (FLY) is linked, with no stored direction, medium confidence. Reason on file: GA selected FLY as a RELATED security because its canonical security name directly matches this event's themes: aerospace. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- GE General Electric
General Electric (GE) is linked, with no stored direction, medium confidence in the 15 Sep 2026 story “Iran war has cost on average $246 million per day in its first five months, CBO finds.” Reason on file: GA selected GE as a RELATED security because its canonical security name directly matches this event's themes: aerospace. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- HWM Howmet Aerospace
In “Iran war has cost on average $246 million per day in its first five months, CBO finds,” Howmet Aerospace (HWM) is linked, with no stored direction, medium confidence. Reason on file: GA selected HWM as a RELATED security because its canonical security name directly matches this event's themes: aerospace. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- KTOS Kratos Defense & Security Solutions
In “Iran war has cost on average $246 million per day in its first five months, CBO finds,” Kratos Defense & Security Solutions (KTOS) is linked, with no stored direction, medium confidence. Reason on file: GA selected KTOS as a RELATED security because its canonical security name directly matches this event's themes: defense. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
How defense news reaches IShares U.S. Aerospace & Defense ETF (ITA)
“Iran war has cost on average $246 million per day in its first five months, CBO finds” (15 Sep 2026) reaches IShares U.S. Aerospace & Defense ETF (ITA) through Defense.
What ties IShares U.S. Aerospace & Defense ETF (ITA) to the headline is this: Material security escalation can alter defense demand expectations and risk premia
A second company, Spdr Series Trust (XAR), is listed for a different reason: Material security escalation can alter defense demand expectations and risk premia
Price levels for IShares U.S. Aerospace & Defense ETF (ITA)
AADX traded between 10.31 and 13.08 across 20 sessions. The latest close on file is 10.82. ITA traded between 201.08 and 217.79 across 20 sessions. The latest close on file is 207.60. XAR traded between 216.28 and 245.40 across 20 sessions. The latest close on file is 223.20.
What the saved facts support for IShares U.S. Aerospace & Defense ETF (ITA)
100 out of 100
“Iran war has cost on average $246 million per day in its first five months, CBO finds” scores 100 out of 100. The score uses 11 linked companies.