Ukraine Economy to Shrink For the First Time Since Full-Scale War
Published . Updated .
This report is about defense and grains and farm goods.
Directly affected
- No company is named in this report.
Indirectly affected
- ITA iShares U.S. Aerospace & Defense ETF-2.9% 30d
iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story.
- XAR SPDR S&P Aerospace & Defense ETF-6.7% 30d
SPDR S&P Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story.
- DBA Invesco DB Agriculture Fund-4.6% 30d
Invesco DB Agriculture Fund: it follows farm commodity prices. Linked by “ukraine” (grains and farm goods) in this story.
- UNG United States Natural Gas Fund-7.8% 30d
United States Natural Gas Fund: it follows natural-gas prices. Linked by “ukraine” (natural gas) in this story.
- LMT Lockheed Martin+17.1% 30d
Lockheed Martin (guided missiles and space vehicles and parts): defense contractors gain when military spending rises. Linked by “war” (defense) in this story.
- RTX Rtx+0.4% 9d
Rtx (aircraft engines and engine parts): defense contractors gain when military spending rises. Linked by “war” (defense) in this story.
- NOC Northrop Grumman+5.3% 30d
Northrop Grumman (search, detection, navigation, guidance, aeronautical sys): defense contractors gain when military spending rises. Linked by “war” (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 “war” (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 | -1.57% | -0.30% | base | +2.78% | after close | after close | after close |
| XAR | -3.01% | -0.75% | base | +3.15% | after close | after close | after close |
| DBANo price data for this ticker | — | — | — | — | — | — | — |
| UNGNo price data for this ticker | — | — | — | — | — | — | — |
| LMT | -6.34% | +0.84% | base | +2.64% | after close | after close | after close |
| RTX | -0.76% | +0.70% | base | +2.24% | after close | after close | after close |
| NOC | -0.06% | +2.35% | base | +1.88% | after close | after close | after close |
| GD | -1.00% | +0.77% | base | +3.30% | 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.
Market Call
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Ukraine Economy to Shrink For the First Time Since Full-Scale War Bloomberg.com
Source: Bloomberg
The price since 29 Oct 2026: IShares U.S. Aerospace & Defense ETF (ITA) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| General Dynamics (GD) | that day | +3.30% | still updating |
| General Dynamics (GD) | three days earlier | +0.77% | final price |
| General Dynamics (GD) | five days earlier | -1.00% | final price |
| IShares U.S. Aerospace & Defense ETF (ITA) | that day | +2.78% | still updating |
| IShares U.S. Aerospace & Defense ETF (ITA) | three days earlier | -0.30% | final price |
| IShares U.S. Aerospace & Defense ETF (ITA) | five days earlier | -1.57% | final price |
| Lockheed Martin (LMT) | that day | +2.64% | still updating |
| Lockheed Martin (LMT) | three days earlier | +0.84% | final price |
| Lockheed Martin (LMT) | five days earlier | -6.34% | final price |
| Northrop Grumman (NOC) | that day | +1.88% | still updating |
| Northrop Grumman (NOC) | three days earlier | +2.35% | final price |
| Northrop Grumman (NOC) | five days earlier | -0.06% | final price |
| Rtx (RTX) | that day | +2.24% | still updating |
| Rtx (RTX) | three days earlier | +0.70% | final price |
| Rtx (RTX) | five days earlier | -0.76% | final price |
| Spdr Series Trust (XAR) | that day | +3.15% | still updating |
| Spdr Series Trust (XAR) | three days earlier | -0.75% | final price |
| Spdr Series Trust (XAR) | five days earlier | -3.01% | 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 (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).
Companies in defense around IShares U.S. Aerospace & Defense ETF (ITA)
Companies mentioned with 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 29 Oct 2026 story “Ukraine Economy to Shrink For the First Time Since Full-Scale War.” Reason on file: iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story
- XAR Spdr Series Trust
For “Ukraine Economy to Shrink For the First Time Since Full-Scale War,” 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 “war” (defense) in this story
- DBA Invesco Db Agriculture Fund
In “Ukraine Economy to Shrink For the First Time Since Full-Scale War,” Invesco Db Agriculture Fund (DBA) is linked, with no stored direction, medium confidence. Reason on file: Invesco DB Agriculture Fund: it follows farm commodity prices. Linked by “ukraine” (grains and farm goods) in this story
- UNG United States Natural Gas Fund
United States Natural Gas Fund (UNG) is linked, with no stored direction, medium confidence in the 29 Oct 2026 story “Ukraine Economy to Shrink For the First Time Since Full-Scale War.” Reason on file: United States Natural Gas Fund: it follows natural-gas prices. Linked by “ukraine” (natural gas) in this story
- LMT Lockheed Martin
For “Ukraine Economy to Shrink For the First Time Since Full-Scale War,” 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 “war” (defense) in this story
- RTX Rtx
In “Ukraine Economy to Shrink For the First Time Since Full-Scale War,” 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 “war” (defense) in this story
- NOC Northrop Grumman
Northrop Grumman (NOC) is linked, with no stored direction, medium confidence in the 29 Oct 2026 story “Ukraine Economy to Shrink For the First Time Since Full-Scale War.” Reason on file: Northrop Grumman (search, detection, navigation, guidance, aeronautical sys): defense contractors gain when military spending rises. Linked by “war” (defense) in this story
- GD General Dynamics
For “Ukraine Economy to Shrink For the First Time Since Full-Scale War,” 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 “war” (defense) in this story
IShares U.S. Aerospace & Defense ETF (ITA) and the defense link
IShares U.S. Aerospace & Defense ETF (ITA) is the company in “Ukraine Economy to Shrink For the First Time Since Full-Scale War,” the 29 Oct 2026 Defense story.
For IShares U.S. Aerospace & Defense ETF (ITA), the reason on file says iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (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 “war” (defense) in this story
Dates in the story, and the IShares U.S. Aerospace & Defense ETF (ITA) price range
DBA traded between 27.08 and 28.86 across 20 sessions. The latest close on file is 27.12. ITA traded between 197.59 and 211.29 across 20 sessions. The latest close on file is 207.62. XAR traded between 210.89 and 234.76 across 20 sessions. The latest close on file is 225.07.
What the saved facts support for IShares U.S. Aerospace & Defense ETF (ITA)
46 out of 100Price not final
“Ukraine Economy to Shrink For the First Time Since Full-Scale War” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.