Shares of aerospace and defense companies are trading higher amid sympathy with RTX and Northrup Grumman after those companies respectively reported better-than-expected Q2 financial results and raised their FY26 guidance.

Shares of space-related companies are trading lower, possibly amid sympathy for peer SpaceX, which is experiencing a sell-off due to the expiration of its second lockup period.

B of A Securities Maintains Buy on Applied Aerospace, Lowers Price Target to $23

B of A Securities analyst Ronald Epstein maintains Applied Aerospace (NYSE:AADX) with a Buy and lowers the price target from $24 to $23.

Morgan Stanley Maintains Equal-Weight on Applied Aerospace, Raises Price Target to $24

Morgan Stanley analyst Kristine Liwag maintains Applied Aerospace (NYSE:AADX) with a Equal-Weight and raises the price target from $23 to $24.

Applied Aerospace & Defense shares are trading lower after the company reported a wider Q2 loss hurt by increased expenses.

Reported Earlier "US Expanding Long-Range Commercial Drone Testing Program" - Bloomberg News

https://www.bloomberg.com/news/articles/2026-08-27/us-expanding-long-range-commercial-drone-testing-program?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc4Nzg

AeroVironment's MacCready Works Receives Contract To Co-Design, Co-Manufacture Three Mars Helicopters For NASA's SkyFall Mission With Jet Propulsion Laboratory

AeroVironment, Inc. ("AV"), a global defense technology leader, today announced that its MacCready Works advanced solutions team has been awarded a contract for the co-design and co-manufacture of three Mars