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Lockheed Martin (NYSE:LMT | LMT Price Prediction) stock rose 9% to $602.75 on Thursday after the company reported third-quarter results that topped estimates and raised its full-year outlook on the back of a record backlog.
iShares U.S. Aerospace & Defense ETF offers a significantly lower expense ratio of 0.37% compared to 0.75% for Tema Space Innovators ETF. Tema Space Innovators ETF provides concentrated exposure to 37 holdings in space commerce, while iShares U.S. Aerospace & Defense ETF holds 50 stocks in the broader defense sector.
Wall Street is pricing in a Democratic sweep of Congress, and aerospace and defense stocks are paying the price, but the damage is hitting some contractors far harder than others in ways that reveal exactly which programs hang in the
Proposed changes to Norway's sovereign wealth fund ethics rules could open the door to investments in more Western defense companies. The fund is currently barred from investing in companies including Lockheed Martin and Boeing because of their involvement in nuclear weapons production.
Houthi attacks on Saudi Arabia could boost defense spending, putting defense ETFs in focus as contractors brace for rising demand.
The iShares U.S. Aerospace & Defense ETF offers a lower expense ratio and higher assets under management than the Global X Defense Tech ETF. The Global X Defense Tech ETF provides a higher dividend yield, although its 1-year total return has trailed the iShares fund.
Boeing's $20B Navy win adds to a string of defense and commercial orders. Here are the ETFs offering exposure to the aerospace giant.
A stock that has lost nearly everything this year just announced a $20 million defense order alongside Palantir's name, and the fine print tells a very different story than the headline.