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XAR's lower expense ratio and broader mid-cap exposure contrast with MISL's concentrated holdings in industry giants.

Launched on 09/28/2011, the State Street SPDR S&P Aerospace & Defense ETF (XAR) is a smart beta exchange traded fund offering broad exposure to the Industrials ETFs category of the market.

On Monday, the Pentagon announced agreements with L3Harris Technologies and Lockheed Martin to expand weapons production capacity for components of two missile interceptors over the next seven years.

State Street SPDR S&P Aerospace & Defense ETF earned a strong buy rating amid its potential to capitalize on accelerating secular growth in aerospace and defense. XAR's modified equal-weighting strategy enhances diversification, limits large-cap dominance, and provides greater exposure to outperforming small and mid-cap names. The ETF trades at lower valuations (4.5x book), offers a 12.3% three-year dividend CAGR,…

Western defense firms are partnering with Ukrainian companies to learn from wartime production. A Ukrainian official said Western firms want to move faster and build under attack.