The First Trust Indxx Aerospace & Defense ETF ( MISL ) is a sector-focused exchange-traded fund designed to provide broad exposure to the aerospace & defense industry. With the US defense budget expected to expand by 50% to $1.5t in 2027 Analyst's Disclosure: I/we have a beneficial long position in the shares of RKLB, FLY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seekin ...