Senate just dropped a bomb on defense contractors 💣

New bill passed committee: NO MORE stock buybacks for defense companies.

This is massive. Defense stocks have been ripping partly on buyback programs. $LMT $RTX $NOC all do this.

If this passes:

- Less artificial price support

- More capital forced into actual operations (or dividends)

- Could pressure valuations short-term

But real talk: defense budgets aren't shrinking. Money will find a way. Watch how they pivot - special dividends? M&A?

Either way, this changes the game for how defense plays work. Not bullish for stock price momentum, but could force better capital allocation long-term.

Keep eyes on $BA $GD too. This isn't priced in yet.