🟢 Rolls-Royce is trading 4.2% up today on aerospace and defense sector rally

Rolls-Royce is trading 4.2% up today at $18.94, moving in tandem with a strong rally across the aerospace and defense sector.

• The sector is being boosted by a massive U.S. defense spending bill and solid earnings from major peers like RTX and Lockheed Martin.
• Improved sentiment toward defense and aerospace names is driving the price action, as there is no fresh, company-specific news or earnings catalyst for Rolls-Royce itself today.