Establishing an America First Arms Transfer Strategy
Executive orderSigned 02/06Federal Register 02/11Executive Order 14383Open the original
Summary
President Trump establishes an America First Arms Transfer Strategy, making it policy to use arms sales and transfers as a foreign policy tool and to expand U.S. defense production capacity with foreign purchases and capital, while streamlining the defense sales process.
By industry
- Defense1 trading day+1.5%p15 stocks5 trading days−2.2%p15 stocks20 trading days+3.8%p15 stocks
“use arms sales and transfers to increase production and build production capacity for weapons and platforms”
Day by day after the announcement
| Day | Defense stocks | S&P 500 |
|---|---|---|
| 26/02/05 | 0.0% | 0.0% |
| 26/02/06 | +4.0% | +2.6% |
| 26/02/09 | +5.6% | +3.1% |
| 26/02/10 | +4.2% | +3.0% |
| 26/02/11 | −1.0% | +2.9% |
| 26/02/12 | −0.8% | +1.4% |
| 26/02/13 | +1.1% | +1.3% |
| 26/02/17 | +1.2% | +1.4% |
| 26/02/18 | +3.4% | +1.9% |
| 26/02/19 | +5.9% | +1.7% |
| 26/02/20 | +3.7% | +2.5% |
| 26/02/23 | +2.2% | +1.5% |
| 26/02/24 | +3.0% | +2.1% |
| 26/02/25 | +1.1% | +3.2% |
| 26/02/26 | +2.8% | +2.0% |
| 26/02/27 | +3.3% | +1.7% |
| 26/03/02 | +4.7% | +1.8% |
| 26/03/03 | +4.1% | +0.9% |
| 26/03/04 | +3.8% | +1.9% |
| 26/03/05 | +1.7% | +1.1% |
| 26/03/06 | +3.6% | −0.1% |
Korean stocks in these industries
- Hanwha Aerospace 012450
- Korea Aerospace Industries 047810
- LIG Defense & Aerospace 079550
- Hyundai Rotem 064350
Trades in these industries around the announcement
Members' and insiders' trades in the industries' stocks, 30 days before to 30 days after.
- Mortimer J. Buckley
BuyBoeing
BuyBoeing
BA
$500K
2,230 sh
$500K
Filed 03/05
Traded 03/03
- Christopher T. Calio
SellRTX
SellRTX
RTX
$10.4M
51,107 sh
$10.4M
Filed 02/23
Traded 02/19
- Neil G. Mitchill Jr.
SellRTX
SellRTX
RTX
$4.8M
23,531 sh
$4.8M
Filed 02/23
Traded 02/19
- Christopher T. Calio
SellRTX
SellRTX
RTX
$2.3M
11,420 sh
$2.3M
Filed 02/23
Traded 02/19
- Neil G. Mitchill Jr.
SellRTX
SellRTX
RTX
$1.3M
6,303 sh
$1.3M
Filed 02/23
Traded 02/19
- Scott C. Donnelly
SellTextron
SellTextron
TXT
$12.8M
130,168 sh
$12.8M
Filed 02/18
Traded 02/13
- Neil G. Mitchill Jr.
SellRTX
SellRTX
RTX
$1.2M
5,921 sh
$1.2M
Filed 02/23
Traded 02/19
- Scott C. Donnelly
SellTextron
SellTextron
TXT
$8.8M
89,229 sh
$8.8M
Filed 02/18
Traded 02/13
- Phebe N. Novakovic
SellGeneral Dynamics
SellGeneral Dynamics
GD
$8.2M
23,011 sh
$8.2M
Filed 03/13
Traded 03/11
- Kathy J. Warden
SellNorthrop Grumman
SellNorthrop Grumman
NOC
$4.1M
5,734 sh
$4.1M
Filed 02/10
Traded 02/06
- Phebe N. Novakovic
SellGeneral Dynamics
SellGeneral Dynamics
GD
$3.5M
9,907 sh
$3.5M
Filed 03/13
Traded 03/11
- Shane G. Eddy
SellRTX
SellRTX
RTX
$3.5M
17,527 sh
$3.5M
Filed 02/13
Traded 02/12
- Kathy J. Warden
SellNorthrop Grumman
SellNorthrop Grumman
NOC
$3.3M
4,695 sh
$3.3M
Filed 02/10
Traded 02/06
- Jana Partners Management
SellMercury Systems
SellMercury Systems
MRCY
$32.4M
400,000 sh
$32.4M
Filed 02/11
Traded 02/09
- Julia Letlow
BuyBoeing
BuyBoeing
BA
$1K–$15K
Self
$1K–$15K
Reported 03/12
Traded 02/02
- Ramsaran Maharajh
SellRTX
SellRTX
RTX
$3.1M
15,124 sh
$3.1M
Filed 02/23
Traded 02/19
- Dantaya M. Williams
SellRTX
SellRTX
RTX
$2.6M
12,713 sh
$2.6M
Filed 02/23
Traded 02/23
- Kathy J. Warden
SellNorthrop Grumman
SellNorthrop Grumman
NOC
$2.5M
3,552 sh
$2.5M
Filed 02/10
Traded 02/06
- Howard E. McKenzie
SellBoeing
SellBoeing
BA
$2.5M
10,496.82 sh
$2.5M
Filed 02/05
Traded 02/05
- Christopher T. Calio
SellRTX
SellRTX
RTX
$213.7K
1,041 sh
$213.7K
Filed 02/23
Traded 02/19