U.S. appeals court upholds Pentagon designation of Anthropic as supply chain risk
Published . Updated .
In a 2-1 decision, a federal appeals court upheld the Department of Defense's blacklisting of Anthropic.
Directly affected
- No company is named in this report.
Indirectly affected
- LMT Lockheed Martin
Defense contractors get more work when conflict spending rises
- RTX RTX
Defense contractors get more work when conflict spending rises
- NOC Northrop Grumman
Defense contractors get more work when conflict spending rises
- GD General Dynamics
Defense contractors get more work when conflict spending rises
- ITA iShares U.S. Aerospace & Defense
A fund of aerospace and defense companies
- BA Boeing
Defense and aerospace orders move with conflict spending
- LHX L3Harris
Defense contractors get more work when conflict spending rises
- HII Huntington Ingalls
Shipyards benefit when naval spending rises
- AADX APPLIED AEROSPACE & DEFENSE IN
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
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.
Price reaction, T-5 to T+3
Source: CNBC Top
The price since 25 Sep 2026: Applied Aerospace & Defense (AADX) versus the S&P 500
Since the first closing price after “U.S. appeals court upholds Pentagon designation of Anthropic as supply chain risk,” Applied Aerospace & Defense (AADX) is -10.24%. The S&P 500 fund (SPY) is +0.15% over the same days, a -10.39% difference versus the market.
Who reported a Applied Aerospace & Defense (AADX) trade near this story
- Maria Elvira Salazar sell General Electric (GE) ($1,001 - $15,000). That is 1 days before publication, inside 30 days. The filing is listed beside the story “U.S. appeals court upholds Pentagon designation of Anthropic as supply chain risk.”
- Byron Donalds sell Howmet Aerospace (HWM) ($1,001 - $15,000). That is 45 days before publication, inside 60 days. The filing is listed beside the story “U.S. appeals court upholds Pentagon designation of Anthropic as supply chain risk.”
- Byron Donalds sell Howmet Aerospace (HWM) ($1,001 - $15,000). That is 45 days before publication, inside 60 days. The filing is listed beside the story “U.S. appeals court upholds Pentagon designation of Anthropic as supply chain risk.”
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 Applied Aerospace & Defense (AADX)
Companies tied to this story
- AADX Applied Aerospace & Defense
Applied Aerospace & Defense (AADX) is linked, with no stored direction, medium confidence in the 25 Sep 2026 story “U.S. appeals court upholds Pentagon designation of Anthropic as supply chain risk.” 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
For “U.S. appeals court upholds Pentagon designation of Anthropic as supply chain risk,” 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 “U.S. appeals court upholds Pentagon designation of Anthropic as supply chain risk,” 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 25 Sep 2026 story “U.S. appeals court upholds Pentagon designation of Anthropic as supply chain risk.” 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
Howmet Aerospace (HWM) is linked, with no stored direction, medium confidence in the 25 Sep 2026 story “U.S. appeals court upholds Pentagon designation of Anthropic as supply chain risk.” 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
For “U.S. appeals court upholds Pentagon designation of Anthropic as supply chain risk,” 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
Applied Aerospace & Defense (AADX)
“U.S. appeals court upholds Pentagon designation of Anthropic as supply chain risk” (25 Sep 2026) reaches Applied Aerospace & Defense (AADX) through this story.
Applied Aerospace & Defense (AADX) is on the page because 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
Also listed, Copt Defense Properties (CDP): 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
The price range for Applied Aerospace & Defense (AADX), and the dates in the story
AADX traded between 10.31 and 13.08 across 20 sessions. The latest close on file is 10.82. CDP traded between 32.69 and 34.71 across 20 sessions. The latest close on file is 32.74. FLY traded between 15.98 and 25.58 across 20 sessions. The latest close on file is 16.64.
A simple score for Applied Aerospace & Defense (AADX)
46 out of 100
“U.S. appeals court upholds Pentagon designation of Anthropic as supply chain risk” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.