Lockheed Martin Supercharges US Missile Production With $300 Million Texas Investment
Lockheed Martin stock rises on plans to add 6,000 U.S. jobs and expand Texas munitions facilities ahead of Oct. 22 earnings.
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RTX stock holds flat as Pratt & Whitney's GTF Advantage engine debuts on United Airlines amidst a Bernstein price target cut to $223.
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Lockheed Martin stock rises on plans to add 6,000 U.S. jobs and expand Texas munitions facilities ahead of Oct. 22 earnings.
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Boeing secures an approximately $14.7 billion contract from Lockheed Martin to triple PAC-3 MSE seeker production.
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Invesco Aerospace & Defense ETF (PPA) and First Trust Indxx Aerospace & Defense ETF (MISL) offer different approaches to defense sector investing. PPA, the larger and more established fund with $7.4B in AUM, delivers higher dividends (0.4% yield) and lower volatility with traditional aerospace exposure. MISL, launched in 2022 with a more concentrated 39-holding portfolio, emphasizes next-gen defense tech including Palantir and SpaceX. Since 2022, PPA has outperformed with 117% total return (21.6% CAGR) versus MISL's 105% (19.8% CAGR), though both have slightly elevated expense ratios around 0.58-0.60%.
Avolon placed a firm order for 140 Boeing 737 MAX jets as part of a broader 250-aircraft package split with Airbus, pending approval.