Flyby: A Busy Week in Aerospace & Defense: US-Iran MoU, US Air Force CCA Award, & More

Research evidence excerpt

Flyby: A Busy Week in Aerospace & Defense: US-Iran MoU, US Air Force CCA Award, & More

Update

June 22, 2026 05:18 AM GMT

Morgan Stanley & Co. LLCMAerospace & Defense | North America Kristine T Liwag

Equity Analyst

Flyby: A Busy Week in Kristine.Liwag@morganstanley.comJustin M Lang +1 212 761-2980

Justin.Lang@morganstanley.com +1 212 761-6251

Aerospace & Defense: US-Iran Jason T Holcomb

Research Associate

Jason.Holcomb@morganstanley.com +1 212 761-5592

MoU, US Air Force CCA Award, Gabrielle Knafelman

Gaby.Knafelman@morganstanley.com +1 212 761-4838

& More Shaina C Zuber

Shaina.Zuber@morganstanley.com +1 212 761-6353

In this week’s Flyby, we highlight key Aerospace & Defense

Aerospace

developments from the past week, including the US-Iran MoU, North America

US Air Force CCA production contracts, invocation of the Industry View Attractive

Defense

Defense Production Act, and a newly announced partnership North America

between Lockheed Martin and General Motors. Industry View Attractive

Key Stories in MS Research:

A Busy Week in Aerospace & Defense

Defense: Reflections from Morgan Stanley’s

The past week in Aerospace & Defense has been busy. Most notably, the US and Iran Inaugural National Security Innovation Summit

signed an MoU to end hostilities and reopen the Strait of Hormuz, helping ease Aerospace & Defense: Flyby: Aerospace &

pressure on oil markets after months of disruption. In Defense, the US Air Force Defense Activity with U.S. Defense in Focus

selected General Atomics and Anduril for the first Collaborative Combat Aircraft Planet Labs PBC: Solid 1QFY27 Offset by ATM

contract awards, marking a notable validation of emerging defense tech company Overhang; Maintain EW

reach within the Pentagon.