[Warsh's rate hold through 2026](https://www.cnbc.com/2026/06/15/jim-cramers-top-10-things-to-watch-in-the-stock-market-monday.html) is forcing governments to accelerate defense capex — but here's what nobody's talking about: $BA's Q1 2026 operating margin collapsed to basically zero while assets shrank $3.4B quarter-over-quarter. When government *demands* acceleration but the prime contractor can't scale production without bleeding margin, you get a margin trap. The bottleneck isn't budgets.

Research these companies