In the weeks leading up to the Iran War in February, a broker for U.S. Defense Secretary Pete Hegseth at the banking giant Morgan Stanley contacted BlackRock about making a multimillion-dollar investment in its iShares Defense Industrials Active ETF, which contains about $3.1 billion in assets, for companies such as Raytheon, Lockheed Martin, and Northrop Grumman, according to the Financial Times.