Defense

This is a developing story. A United States F-15E Strike Eagle fighter jet has been shot down by enemy fire over Iran, U.S. officials confirmed. One of the aircraft’s two crew members has been rescued, Israeli media first reported. U.S. officials confirmed the reports in statements to CBS News and Axios. A search for the second crew member is ongoing. White House Press Secretary Karoline…

U.S. defense stocks have declined even as the Iran war drags on, indicating that the typical “buy-on-conflict” trade had largely peaked in the weeks before in anticipation of tougher action by President Donald Trump. The NYSE Arca Defense index, which includes 34 small and large-cap U.S. companies, fell nearly 8% in March, compared with the broader S&P 500’s 5% drop. In contrast, it had…

PARIS — Ukraine claimed its air defenses were close to 90% effective in March in destroying or suppressing Russian targets, as both sides tout their successes in what has become one of the defining features of the war between the two countries: defending against massed attacks of drones and missiles. The air-defense interception rate has been steadily rising in recent months, according to data…

ROME — U.S. military aircraft heading from the United States to the Middle East have been refused permission to stop off at an air base in Italy, an Italian government source has told Defense News. The request to land at Sigonella air base in Sicily was issued to Italian authorities after the aircraft had already taken off from the U.S., Italian daily Corriere della Sera reported on…