U.S. military spending surges, adding $28 billion to defense tycoons' wealth
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2026, the Bloomberg Global Defense Companies Index rose by 18%, while the S&P 500 Index fell by 3.2% during the same period. Conflicts with Iran and increased global military spending fueled the boom in defense stocks, and this year, companies manufacturing missiles, drones, and electronic warfare systems saw their share prices surge significantly.
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