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PPA targets established defense contractors with lower costs and volatility, while NASA pursues pure-play commercial space companies with higher growth potential.

The order comes as the administration has ramped up efforts to break China's stranglehold on the mining and processing of rare earths needed for defense and autos.

Traditional defense stocks have lagged even as defense-tech startups command lofty valuations. Vertical Research says six established companies still offer attractive value.

Farnborough Airshow opens on Monday with Boeing and Airbus pursuing aircraft deals and defence firms vying for a share of booming military budgets fuelled by wars in Ukraine and the Middle East.

Designed to provide broad exposure to the Industrials - Aerospace & Defense segment of the equity market, the Invesco Aerospace & Defense ETF (PPA) is a passively managed exchange traded fund launched on October 26, 2005.

NATO allies unveiled over $57B in new defense deals, fueling demand for aerospace and defense ETFs positioned to benefit from rising military spending.

One targets traditional defense contractors with lower costs; other pursues speculative space tech with higher volatility. Which fits your portfolio?