President Donald Trump picked a design for his Golden Dome missile defense system and named a leader of the ambitious $175 billion defense program. The program, first ordered by Trump in January, aims to create a network of satellites, perhaps numbering in the hundreds, to detect, track and potentially intercept incoming missiles.

President Donald Trump’s unveiling of a $175 billion plan to build a massive missile-defense system, a project viewed as ambitious in both its timeline and budget, boosted defense stocks on Wednesday.