Reforming Foreign Defense Sales To Improve Speed and Accountability

Executive orderRegulation easedSigned 25/04/09Federal Register 25/04/15Executive Order 14268Open the original

Summary

President Trump orders faster and more transparent foreign defense sales, consolidating decision-making, reducing rules and increasing government-industry collaboration in the Foreign Military Sales program.

By industry

Defense1 trading day−3.3%p15 stocks5 trading days+1.5%p15 stocks20 trading days+2.2%p15 stocks
“Reforming this system would simultaneously strengthen the security capabilities of our allies and invigorate our own defense industrial base”

Day by day after the announcement

Defense stocks and the S&P 500 after the announcement, cumulative %
Day	Defense stocks	S&P 500
25/04/08	0.0%	0.0%
25/04/09	+6.8%	+10.1%
25/04/10	+6.4%	+5.5%
25/04/11	+9.6%	+7.6%
25/04/14	+10.4%	+8.2%
25/04/15	+9.4%	+7.9%
25/04/16	+9.6%	+5.9%
25/04/17	+10.3%	+6.5%
25/04/21	+8.6%	+3.6%
25/04/22	+8.5%	+8.2%
25/04/23	+9.5%	+8.3%
25/04/24	+11.8%	+10.7%
25/04/25	+12.5%	+11.1%
25/04/28	+13.0%	+10.9%
25/04/29	+13.8%	+11.5%
25/04/30	+13.9%	+12.6%
25/05/01	+14.2%	+12.4%
25/05/02	+15.4%	+14.3%
25/05/05	+15.3%	+13.6%
25/05/06	+15.7%	+13.6%
25/05/07	+15.3%	+13.1%

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.

Prabu NatarajanEVP, CFO
BuyScience Applications International
Buy
Science Applications International
SAIC
$219.1K
2,000 sh
$219.1K
Filed 25/03/27
Traded 25/03/26
Toni Townes-WhitleyCEO
BuyScience Applications International
Buy
Science Applications International
SAIC
$156.9K
1,404 sh
$156.9K
Filed 25/03/31
Traded 25/03/28
Toni Townes-WhitleyCEO
BuyScience Applications International
Buy
Science Applications International
SAIC
$66.5K
596 sh
$66.5K
Filed 25/03/31
Traded 25/03/28
Eric M. DemarcoPresident & CEO
BuyKratos Defense & Security Solutions
Buy
Kratos Defense & Security Solutions
KTOS
$250.4K
7,455 sh
$250.4K
Filed 25/05/12
Traded 25/05/12
Vincent P. DiFronzoEVP,-Air Force & Comb Commands
BuyScience Applications International
Buy
Science Applications International
SAIC
$65K
597 sh
$65K
Filed 25/03/25
Traded 25/03/25
Milford W. McGuirtDirector
BuyScience Applications International
Buy
Science Applications International
SAIC
$55.3K
500 sh
$55.3K
Filed 25/03/27
Traded 25/03/27
James ReaganDirector
BuyScience Applications International
Buy
Science Applications International
SAIC
$50.4K
450 sh
$50.4K
Filed 25/03/31
Traded 25/03/28
Barbara SuppleeEVP, Navy
BuyScience Applications International
Buy
Science Applications International
SAIC
$39.5K
360 sh
$39.5K
Filed 25/03/27
Traded 25/03/26
Carolyn B. HandlonDirector
BuyScience Applications International
Buy
Science Applications International
SAIC
$25.3K
230 sh
$25.3K
Filed 25/04/08
Traded 25/04/07
Katharina G. McFarlandDirector
BuyScience Applications International
Buy
Science Applications International
SAIC
$25.3K
230 sh
$25.3K
Filed 25/03/28
Traded 25/03/27
John K. Tien Jr.Director
BuyScience Applications International
Buy
Science Applications International
SAIC
$25K
215 sh
$25K
Filed 25/04/02
Traded 25/04/02
Srinivas AttiliEVP, Civilian
BuyScience Applications International
Buy
Science Applications International
SAIC
$11.2K
100 sh
$11.2K
Filed 25/04/07
Traded 25/04/04
Hilary HagemanEVP General Counsel, Secretary
BuyScience Applications International
Buy
Science Applications International
SAIC
$11K
100 sh
$11K
Filed 25/03/26
Traded 25/03/26
James A. Winnefeld Jr.Director
BuyRTX
Buy
RTX
RTX
$23.6K
200 sh
$23.6K
Filed 25/04/23
Traded 25/04/23
Stephanie F. PopeEVP, Pres. & CEO, BCA
SellBoeing
Sell
Boeing
BA
$3.1M
16,768.13 sh
$3.1M
Filed 25/05/05
Traded 25/05/01
Garth GrahamDirector
BuyScience Applications International
Buy
Science Applications International
SAIC
$25.1K
215 sh
$25.1K
Filed 25/04/14
Traded 25/04/14
David Christopher RaymondEVP, Pres. & CEO, BGS
SellBoeing
Sell
Boeing
BA
$729.2K
3,899 sh
$729.2K
Filed 25/05/05
Traded 25/05/02
Wahid NawabiChair, President and CEO
SellAeroVironment
Sell
AeroVironment
AVAV
$3.8M
29,366 sh
$3.8M
Filed 25/03/26
Traded 25/03/24
Jeffrey S. ShockeyEVP, Gov Ops, GPP & CS
SellBoeing
Sell
Boeing
BA
$650.2K
3,205 sh
$650.2K
Filed 25/05/15
Traded 25/05/13
Michael J. ClearyController
SellBoeing
Sell
Boeing
BA
$558K
3,000 sh
$558K
Filed 25/05/08
Traded 25/05/06