XAR is trading at $247.57, up +3.27%, as aerospace and defense stocks benefit from optimism surrounding the proposed $24.3 billion Saudi F-35 sale.
- The deal includes 48 Lockheed Martin aircraft and 49 Pratt & Whitney engines.
- Firm U.S. equity futures, easing oil-related inflation concerns, and improved U.S.-China sentiment are also supporting the move.
- The broader market is higher, combining sector-specific defense optimism with global risk appetite.