Shares surged intraday on July 20, 2026 after Archer and Anduril Industries unveiled the Thunder military tiltrotor at the Farnborough Airshow — a re-rating toward defense revenue that also touches Abu Dhabi's sovereign stake in the company.

Bank of America's rates desk finds no consistent seasonal dip in realized interest-rate volatility and stays short vol, long carry through summer — but the risk it flags, a Middle East-driven oil spike, sits closest to Gulf portfolios pegged to the dollar and loaded with oil-linked equities.