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RTX clinches a $30.6 million contract for the Radar Interface Unit lite from the Army.
Biden said the funding was a “smart investment” that would pay dividends for American security for generations.
Hello! This is MarketWatch reporter Isabel Wang bringing you this week's ETF Wrap. In this week's edition, we look at defense ETFs, which have rallied on the back of the Middle East conflict since the

3 Space Stocks That Are Shooting for the Stars

04:00pm, Thursday, 19'th Oct 2023
Investing in space stocks is no longer science fiction. In fact, Morgan Stanley is forecasting that the global space industry could be valued at over $1 trillion by 2040.
L3Harris Technologies, a relatively young aerospace defense company, is experiencing a worrying trend of declining profitability and increasing debt. While revenue is growing, key financial indicators
Wedbush analysts continue to see overall volume growth rates for payment stocks in the third quarter moderating on a year-over-year basis, while being relatively "flattish" quarter over quarter.  In
RTX Q3 results are likely to reflect the benefits of growing commercial air traffic. However, higher expenses at Collins Aerospace as well as Pratt & Whitney might have hurt the company's overall earn

What the Israel-Hamas war means for defense stocks

07:08am, Wednesday, 18'th Oct 2023
When war breaks out, defense companies tend to make money. That means aerospace and defense stocks tend to rise during geopolitical unrest.
Last year, total military expenditure increased 3.7% on a year-on-year basis to $2.24 trillion. Further, military spending in Europe saw the steepest increase on a year-on-year basis in the last 30 ye
The bloody attack on Israel and inevitable retaliation have turned defense stocks into a gauge of the geopolitical risks perceived by financial markets. For now, it is flashing amber rather than red.
Lockheed Martin, RTX, Boeing and L3Harris Technologies are part of the Zacks top Analyst Blog.

Defense Stocks Are Heating Up: Here's the Top 3

06:25am, Thursday, 12'th Oct 2023
Despite having plunged more than 10% through September and into October, the iShares U.S. Aerospace & Defense ETF BATS: ITA has been bouncing back hard this week.
Wall Street analysts generally feel the direct impact of the conflict on defense stocks will be small, but will improve the way investors view the sector.
“History shows” war stocks' rally immediately after geopolitical shocks generally fall flat, according to Bernstein analysts.
The unprecedented assault by Hamas and the retaliatory strikes from Israel are poised to be beneficial for U.S. defense stocks like LMT, RTX, BA and LHX.
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