Aug. 5 at 12:00 PM
3/4: Reports: U.S. has expended ‘virtually all’ ATACMS and Precision Strike Missiles in Iran conflict; CSIS estimates Patriot inventory down to ~759–827 from 2,330 and THAAD down to ~234–278 from 452, raising defense production and future-conflict readiness focus.
$ITA $LMT $RTX $NOC $GD
PickAlpha View: Base case: the depletion narrative underpins a constructive bias for ITA and major defense primes as procurement requests skew sharply higher for missiles and interceptors.