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The Fund seeks to track the investment results of the Dow Jones U.S. Select Aerospace & Defense Index; the Underlying Index, which measures the performance of the aerospace and defense sector of the U.S. equity market, as defined by S&P Dow Jones Indices LLC; the Index Provider or SPDJI.

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Ukrainian drone attack on Russian arsenal triggers explosions, fire, and evacuation. US defense stocks react to reports.

Ukrainian Drone Attack Causes Earth-Rattling Blast In Russia&#39;s Tver Region

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Boeing&#39;s credit rating may be lowered to junk as a strike threatens production and cash flow. Analysts estimate a 30-day strike could cost $1.5 billion.

Boeing Faces Junk Rating As Moody&#39;s Warns Of &#39;Execution Risk&#39; During Strike

Boeing Says It Has A Design Change That Will Prevent Plane Doors From Flying Out Mid-Air Like What Happened On Alaska Airlines Flight

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Boeing faces potential need for more concessions amid ongoing strike and significant debt, with shares declining and ratings under review.

Boeing May Need To Offer Additional Concessions To End Strike Despite Multi-Billion Dollar Debt: BofA Analyst

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A significant Ukrainian drone assault on Russia caused an <a href="https://www.benzinga.com/government/24/09/40888451/russia-to-expand-army-for-third-time-since-war-with-ukraine-began-defense-stocks-rtx-northrop-grumma">earthquake-sized eruption</a> at a major arsenal in the Tver region on Wednesday, forcing citizens in the city of Toropets to evacuate, according to reports from war bloggers and some media.
Unverified video and images on social media showed a huge ball of flame rising into the night sky and numerous explosion detonations tearing across a lake about 240 miles west of Moscow, Reuters reported.
NASA satellites registered intense heat sources coming from an area of about five square miles at the site in the early hours. Earthquake monitoring stations picked up the attack as a small earthquake&nbsp;in the area.
&#8220;The enemy hit an ammunition depot in the area of Toropets,&#8221; said Yuri Podolyaka, a Ukrainian-born, pro-Russian military blogger. &#8220;Everything that can burn is already burning there (and exploding).&#8221;
Read Also: <a href="http://US And Allies Worried Amid Reports Of Russia Potentially Sharing Nuclear Secrets With Iran">US And Allies Worried Amid Reports Of Russia Potentially Sharing Nuclear Secrets With Iran</a>
Ukrainian President Volodymyr Zelenskyy, speaking in his nightly video address, praised the attack without mentioning the target.
&#8220;A very important result was achieved last night on Russian territory and such actions weaken the enemy,&#8221; Zelenskyy said. &#8220;I thank everyone involved. Such precision is truly inspiring.&#8221;
A source in Ukraine&#8217;s SBU state security service told Reuters earlier that the drone attack had destroyed&nbsp;a warehouse storing missiles, guided bombs and artillery ammunition.
Igor Rudenya, governor of the Tver region, said Ukrainian drones had been shot down, a fire had broken out and some residents were being evacuated. He did not say what was burning, Reuters reported.
The size of the main blast shown in the unverified social media video was consistent with 200 to 240 tons of high explosives detonating, said George William Herbert of the Middlebury Institute of International Studies at Monterey in California.
Some war bloggers asked how drones could trigger such large blasts at what was thought to be a highly fortified facility.
Price Action: Defense contractors saw gains and losses by the end of Wednesday&#8217;s trading day.
<ul>
<li>General Dynamics Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>) slipped 0.44% to $302.52</li>
<li>Northrop Grumman Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) rose 0.2% to $521.77</li>
<li>TransDigm Group Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDG#NYSE">TDG</a>) declined 0.12% to $1,273.80</li>
</ul>
Exchange-traded funds that hold defense stocks trended up and down.
<ul>
<li>IShares U.S. Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) rose 0.06%</li>
<li>Invesco Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPA#NYSE">PPA</a>) fell 0.13%</li>
<li>SPDR S&amp;P Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XAR#NYSE">XAR</a>) declined 0.01%</li>
</ul>
Read Now:
<ul>
<li><a href="http://over-30-months-of-war-zelensky">Russia Launches &#8216;One Of The Heaviest Strikes&#8217; On Ukraine In Over 30 Months Of War: Zelensky</a></li>
</ul>
Photo: Shutterstock

Ukrainian Drone Attack Causes Earth-Rattling Blast In Russia's Tver Region

The Boeing Company&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) credit rating may be <a href="https://www.benzinga.com/news/24/09/40763846/boeing-and-iam-union-strike-deal-potentially-averting-major-strike">lowered to junk </a>as a strike stands to cripple production and cash flow.
Aircraft assembly workers walked off the job early Friday morning after <a href="https://www.benzinga.com/news/24/09/40853982/boeings-stock-falls-as-33-000-aircraft-assembly-workers-strike">rejecting a contract</a> offer presented by Boeing and the International Association of Machinists and Aerospace Workers (IAM) that would have boosted wages by 25% over four years.&nbsp;
The striking machinists produce the 737 Max, Boeing's top-selling airliner, the 777 jet and the 767 cargo plane. The walkout likely will not stop production of Boeing 787 Dreamliners, which are built by nonunion workers in South Carolina, the Associated Press <a href="https://apnews.com/article/boeing-strike-machinists-contract-9f61a7d48675d1c3517233d40d4ec2b1">reported</a>.
Jefferies aerospace analyst Sheila Kahyaoglu estimated a 30-day strike could cost Boeing $1.5 billion.
Moody&#8217;s Investment Ratings on Friday said it will look at how a prolonged strike may impact Boeing&#8217;s ability to raise cash and make the 737 and 787 models.
Read Also: <a href="https://www.benzinga.com/markets/equities/24/09/40847259/boeing-workers-strike-at-midnight-threatens-aircraft-production-as-financial-risks-loom-after-30">Boeing Worker&#8217;s &#8216;Strike At Midnight&#8217; Threatens Aircraft Production As Financial Risks Loom After 30,000 Workers Vote For Industrial Action</a>
&#8220;In our review, we will assess the strike&#8217;s duration and impact on cash flow and the potential equity capital raising Boeing may undertake to bolster its liquidity,&#8221; Moody&#8217;s said.
&#8220;We will also assess the extent to which the strike and ongoing challenges in increasing production of the 737 and 787 aircraft models affect the timing of growth in production rates and the pace and scale of improvements in Boeing&#8217;s operating cash flow.&#8221;
Moody&#8217;s said it will also consider the costs for Boeing to complete the fixed price contracts in the defense business, which will continue to be a drain on earnings and operating cash flow.
Moody&#8217;s rating on Boeing's unsecured debt has stood at Baa3 since April, the lowest rating for the stock to be considered investment grade. 
A downgrade to Boeing&#8217;s credit rating would put it in non-investment grade, or &#8220;junk,&#8221; territory.
Moody&#8217;s noted that Boeing&#8217;s annual free cash flow will fall short of $4 billion in debt coming due in 2025 and the $8 billion due in 2026.
&#8220;The path to restoring compliance, higher quality and strong cash flow in its commercial aircraft assembly operations remains fraught with execution risk,&#8221; Moody&#8217;s said.
Moody&#8217;s pointed out that the IAM members&#8217; 57-day strike in 2008 cost Boeing around $1.5 billion per month, at a time when 737 production was at its then-normal production rate of about 34 per month.
Price Action: Shares of Boeing were down 3.4% to $157.23 at the time of publication Friday.
Exchange-traded funds that hold the stock trended upward on Friday.
<ul>
<li>IShares U.S. Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) rose 0.89%.</li>
<li>Gabelli Commercial Aerospace and Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCAD#NYSE">GCAD</a>) picked up 1.07%.</li>
<li>Direxion Daily Aerospace &amp; Defense Bull 3X Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFEN#NYSE">DFEN</a>) gained 1.72%.</li>
<li>First Trust Indxx Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MISL#NYSE">MISL</a>) grew 0.84%.</li>
<li>Invesco Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPA#NYSE">PPA</a>) went up 0.46%.</li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/social-media/24/09/40860859/trump-media-technology-shares-surge-former-president-says-hes-not-selling-or-leaving-truth-s">Trump Media &amp; Technology Shares Surge, Former President Says He&#8217;s &#8216;Not Selling&#8217; Or Leaving Truth Social: &#8216;Elon Would Love Me To Come Over To X&#8217;</a></li>
</ul>
Photo: Shutterstock

Boeing Faces Junk Rating As Moody's Warns Of 'Execution Risk' During Strike

BofA Securities analyst Ronald J. Epstein reiterated a Neutral rating on Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>),<a target="_blank" href="https://www.benzinga.com/quote/BA/analyst-ratings" rel="noreferrer noopener"> with a price forecast of $200.</a>
The analyst views Boeing as particularly vulnerable, noting that the company has delayed its 737 production rate increase from 42 per month, originally set for September 2024, to March 2025.
A prolonged strike could further worsen the company&#8217;s current difficulties, Epstein added.
However, if the Spirit AeroSystems strike and subsequent contract negotiations set a precedent, the strike could potentially be resolved in as little as a week, Epstein adds.
The analyst forecasts that Boeing may need to offer additional concessions, possibly approaching the IAM&#8217;s original demand for a 40% wage increase.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40853982/boeings-stock-falls-as-33-000-aircraft-assembly-workers-strike" rel="noreferrer noopener">Boeing&#8217;s Stock Falls As 33,000 Aircraft Assembly Workers Strike</a>
The analyst highlights that both CEO Kelly Ortberg and COO Stephanie Pope have fired off internal memos to Boeing staff, trying to cool down strike sentiments.
Pope touted the proposed contract as Boeing&#8217;s best ever, emphasizing the 25% wage increase despite the company&#8217;s hefty $60 billion debt, the analyst highlights.
Meanwhile, Kelly&#8217;s memo admitted that Boeing is grappling with a rough patch, partly due to past blunders, and warned that a strike could derail their hard-fought recovery.
According to the analyst, Boeing now has the onus to act, resolve the issues, and prevent additional &#8220;disruptions.&#8221;
Meanwhile, Boeing shares are trading lower after workers rejected the proposed labor contract, leading to a strike. Moody&#8217;s placed the company&#8217;s ratings on review for downgrade amid concerns.
According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>, BA stock has lost 25% in the past year. Investors can gain exposure to the stock via iShares U.S. Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) and Gabelli Commercial Aerospace and Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCAD#NYSE">GCAD</a>).
Price Action: BA shares are trading lower by 3% to $157.87 at last check Friday.
Image via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40847259/boeing-workers-strike-at-midnight-threatens-aircraft-production-as-financial-risks-loom-after-30" target="_blank" rel="noreferrer noopener">Boeing Worker&#8217;s &#8216;Strike At Midnight&#8217; Threatens Aircraft Production As Financial Risks Loom After 30,000 Workers Vote For Industrial Action</a></li>
</ul>

Morgan Stanley is advising investors to pivot towards defensive stocks as the AI market loses momentum. This recommendation comes after a noticeable decline in semiconductor shares.
What Happened: On Tuesday, Mike Wilson, Morgan Stanley&#8217;s chief U.S. equity strategist, <a href="https://youtu.be/l97udx2X7Ws?feature=shared">told</a> Bloomberg Surveillance that the excitement around AI investments has diminished. 
He noted that the semiconductor sector, including major players like Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), has seen significant drops in stock prices.
&#8220;A lot of those stocks have really come off. And that makes sense to me. We just got overcooked on the whole AI theme,&#8221; said Wilson.
Wilson highlighted that semiconductor shares have fallen nearly 7% since Nvidia&#8217;s recent earnings report, with Nvidia itself experiencing a roughly 13% decline. He emphasized that this downturn doesn&#8217;t spell doom for the industry but indicates a longer-term benefit and return.
With the AI rally fading, Wilson suggests that investors should focus on &#8220;quality defensive stocks&#8221; in sectors such as utilities, staples, and healthcare. He believes these areas are well-positioned to perform amid a slowing labor market.
&#8220;With that theme now gone, the market is looking for a new theme. On the growth side, there isn&#8217;t one, so what it does is it hunkers down into defensive, high-quality assets until we get the next thing. Whether that&#8217;s a bad outcome or a positive outcome, they&#8217;re going to hide out in these areas,&#8221; Wilson said.
Investors looking to explore the defense sector may want to consider checking out defense-focused ETFs like Invesco Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPA#NYSE">PPA</a>), First Trust Indxx Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MISL#NYSE">MISL</a>), SPDR S&amp;P Kensho Future Security ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FITE#NYSE">FITE</a>), iShares U.S. Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>), and SPDR S&amp;P Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XAR#NYSE">XAR</a>).
See Also: <a href="https://www.benzinga.com/news/24/09/40815343/not-a-slam-dunk-for-harris-but-the-chances-of-a-trump-victory-have-slipped-investors-markets-adjust?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Not A Slam Dunk For Harris, But The Chances Of A Trump Victory Have Slipped:&#8217; Investors, Markets Adjust Positions After Presidential Debate</a>
Why It Matters: The shift in Morgan Stanley&#8217;s strategy comes <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40701071/market-bull-warns-of-up-to-10-september-pullback-urges-caution-but-stresses-be-read">amid broader market concerns</a>. Last week, Tom Lee, co-founder and head of research at The Fundstrat, warned of a potential 7%-10% market pullback, citing historical trends that make September a challenging month for stocks.
Adding to the cautious sentiment, Bank of America advised <a href="https://www.benzinga.com/markets/equities/24/09/40787329/analyst-says-dont-buy-the-tech-dip-amid-election-policy-uncertainty-advises-focusing-on-these-se">investors to avoid increasing their exposure</a> to the tech sector due to ongoing market volatility and election-related policy uncertainty. This aligns with Morgan Stanley&#8217;s recommendation to pivot towards more stable, defensive sectors.
Moreover, the Federal Reserve&#8217;s recent actions add another layer of complexity. On Wednesday, economists suggested that the Fed has the green light to cut rates, given the inflation rate fell to its lowest point since February 2021. 
However, JPMorgan cautioned that <a href="https://www.benzinga.com/markets/equities/24/09/40700320/jpmorgan-warns-anticipated-rate-cuts-may-not-significantly-boost-stock-markets-fed-will-start-ea">these cuts might not significantly</a> boost stock markets, as they are likely to be reactive to slowing economic growth.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40787302/nvidia-shares-riding-on-huge-ai-tailwind-says-portfolio-strategist-why-expert-says-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nvidia Shares Riding On Huge AI Tailwind, Says Portfolio Strategist: Why Expert Says Stock Will Stay On An Upward Path For Next 2-3 Years</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Tech

FITE

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Morgan Stanley Advises Shift To Defensive Stocks As AI Rally Loses Steam Following Drop In Nvidia And Others: 'We Got Overcooked On The Whole AI Theme'

Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) shares are trading lower on Wednesday. On Tuesday, Boeing stated that it delivered 40 commercial jets in August, five more than in the same month of 2023 when a manufacturing defect <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40801473/whats-going-on-with-boeing-shares-tuesday" rel="noreferrer noopener">affected 737 MAX production</a>.
Of total count, Boeing delivered 32 MAX aircraft in August (up from 31 in July), which includes nine deliveries to customers in China, reported Reuters.
Goldman Sachs analyst Noah Poponak writes that deliveries stayed higher in August, following low levels earlier in the year <a target="_blank" href="https://www.benzinga.com/quote/BA/analyst-ratings" rel="noreferrer noopener">due to a focus on product quality controls</a>.
The analyst anticipates continued delivery increases in the second half of 2024, reflecting improved performance in the third quarter.
Also, Airbus SE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/EADSY#OTC">EADSY</a>) CEO Guillaume Faury announced that the company plans to launch a new aircraft program by the end of the decade, reported Reuters.
BofA Securities analyst Ronald J. Epstein says that Faury estimated that the next-generation aircraft would reduce fuel consumption by 25% compared to the A320, suggesting that an open-rotor engine design could be an option.
Epstein adds that the &#8220;A220XLR&#8221; has been a topic of speculation, and this announcement adds credibility to the program.
If Boeing responds to Airbus&#8217; announcement, it could have significant implications for the company and impact Boeing&#8217;s balance sheet, writes the analyst.
Apart from this, on Tuesday, Boeing informed suppliers of a six-month delay in a key production milestone for its 737 MAX. The new target is to reach a <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40789118/boeings-737-max-production-faces-new-delays-report" rel="noreferrer noopener">monthly output of 42 jets by March 2025</a>.
Truist Securities analyst Michael Ciarmoli says that consensus estimates of around 32 MAX aircraft per month in fourth-quarter suggest that the delay in production rate increases was anticipated.
The analyst added that this delay, while not unexpected by the supply chain, is likely to strain suppliers who are already managing substantial inventory related to the program.
Investors can gain exposure to the stock via&nbsp;IShares U.S.&nbsp;Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) and&nbsp;Gabelli Commercial Aerospace and Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCAD#NYSE">GCAD</a>).
Price Action: BA shares are down 1.21% at $158.13 at the last check Wednesday.
Photo via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/40784605" target="_blank" rel="noreferrer noopener">Boeing Labor Deal Sparks Anger Among Union Workers Ahead Of Crucial Vote: ‘They're Angry'</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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EADSY

Boeing's Production Delays Not Unexpected, Analyst Says

RTX Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) shares are trading lower on Wednesday. The company reportedly raised concerns about global supply chains post-COVID-19 at a key aerospace event.
The company highlighted the significant challenge of finding qualified labor for high-demand jet industry production lines, reported Reuters.
Also Read: <a href="https://www.benzinga.com/news/24/09/40815343/not-a-slam-dunk-for-harris-but-the-chances-of-a-trump-victory-have-slipped-investors-markets-adjust">&#8216;Not A Slam Dunk For Harris, But The Chances Of A Trump Victory Have Slipped:&#8217; Investors, Markets Adjust Positions After Presidential Debate</a>
The report quoted Executive Chairman Greg Hayes as saying, &#8220;We&#8217;re also trying to minimize the geopolitical risk by saying &#8211; OK, we&#8217;ve got 2,000 suppliers in China today. What happens if, and we don&#8217;t know what that if is &#8211; what happens if and how are we going to deal with that?&#8221;
&#8220;So we have been actively working again, not to pull suppliers or not to pull out of China, but to make sure that we have alternatives if we know something bad does happen.&#8221;
&#8220;Today, it&#8217;s still a huge challenge to find qualified folks to work on some of these products and that is I&#8217;m afraid not gotten better nearly as quickly as demand has recovered.&#8221;
Other aerospace executives also warned of persistent disruptions due to high demand and shortages in parts and labor at the event.
The head of France&#8217;s aerospace company, Safran, noted that the sector faces challenges from labor loss during the pandemic, raw material supply issues, and rising energy prices.
The report cited Safran CEO Olivier Andries, who said, &#8220;We are in a period where there has never been such a tension between very strong demand and a supply chain that has been under pressure and suffered many shocks,&#8221;&nbsp;and further added that he expected more of this in 2025.
As per the report, a Chinese invasion of Taiwan would likely lead to U.S. sanctions on China, significantly affecting U.S. companies. RTX, which has 14,000 suppliers globally, halted purchases from Russian suppliers following Russia&#8217;s invasion of Ukraine.
In August, RTX disclosed that it had developed an air-to-air missile that could give the U.S. <a target="_blank" href="https://www.benzinga.com/markets/asia/24/08/40380791/rtx-develops-longest-range-air-to-air-missile-that-could-give-us-advantage-in-south-china-sea" rel="noreferrer noopener">an&nbsp;upper hand against China</a>.
Investors can gain exposure to the stock via iShares U.S. Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) and First Trust Exchange-Traded Fund First Trust Indxx Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MISL#NYSE">MISL</a>).
Price Action: RTX shares are down 1.82% at $118.11 at the last check Wednesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/global/24/09/40800172/ukraine-attacks-moscow-in-its-largest-drone-offensive-since-war-began" target="_blank" rel="noreferrer noopener">Ukraine Attacks Moscow In Its Largest Drone Offensive Since War Began</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Media

RTX Raises Alarm Over Post-COVID Supply Chain Issues: Report

Boeing Company&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) shares are trading lower on Tuesday. The company reportedly informed suppliers of a six-month delay<a target="_blank" href="https://www.benzinga.com//node/40789118" rel="noreferrer noopener"> in a key production milestone for its 737 MAX</a>.
Also, today, the company disclosed the planned <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/n40795583/boeing-pioneering-quantum-communications-technology-with-in-space-test-satellite" rel="noreferrer noopener">launch of its Q4S satellite in 2026</a>.
This Boeing-funded mission marks a significant step toward developing a secure global quantum internet connecting quantum sensors and computers.
This experiment aims to demonstrate quantum networking in space, advancing the understanding of how such networks can be built across vast distances while maintaining precise synchronization.
Also See: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40779678/boeings-tentative-union-deal-and-starliner-return-boost-sentiment-but-analyst-remai" rel="noreferrer noopener">Boeing&#8217;s Tentative Union Deal And Starliner Return Boost Sentiment, But Analyst Remains Neutral Pending Vote</a>
Jay Lowell, chief engineer for Boeing&#8217;s Disruptive Computing, Networks &amp; Sensors organization, said, &#8220;Quantum entanglement swapping underpins the communication of the future, expanding quantum networks beyond simple point-to-point communication. We&#8217;re launching Q4S to prove it can be done in orbit.&#8221;
&#8220;By demonstrating entanglement swapping, we can create a scalable network, where quantum information can be transmitted over vast distances, something currently limited by decoherence and loss,&#8221;&nbsp;
Apart from this, Boeing stated that it delivered 40 commercial jets in August, five more than in the same month of 2023 when a manufacturing defect affected 737 MAX production, reported Reuters.
Last week, Boeing&#8217;s troubled space capsule, Starliner, returned to Earth without any crew after a test flight&nbsp;fraught with <a target="_blank" href="https://www.benzinga.com/news/24/09/40758526/boeing-starliner-returns-to-earth-without-sunita-williams-and-butch-wilmore-lands-in-new-mexico-afte" rel="noreferrer noopener">technical issues&nbsp;and delays</a>.
The mission has garnered global attention due to numerous technical problems that led NASA to extend the stays of <a target="_blank" href="https://www.benzinga.com/news/24/09/40700719/boeing-starliner-return-sunita-williams-and-butch-wilmore-prepare-spacecraft-for-uncrewed-journey-ba" rel="noreferrer noopener">astronauts Barry Wilmore and Sunita Williams.</a>
Investors can gain exposure to the stock via&nbsp;IShares U.S.&nbsp;Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) and&nbsp;Gabelli Commercial Aerospace and Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCAD#NYSE">GCAD</a>).
Price Action: BA shares are down 2.82% at $158.32 at the last check Tuesday.
Photo via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com//node/40784605" target="_blank" rel="noreferrer noopener">Boeing Labor Deal Sparks Anger Among Union Workers Ahead Of Crucial Vote: &#8216;They&#8217;re Angry&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Movers

What's Going On With Boeing Shares Tuesday?

Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) reportedly informed suppliers of a six-month delay in a key production milestone for its 737 MAX.
The new target is to reach a monthly output of 42 jets by March 2025, compared to the previous goal of September 2024, signaling challenges in ramping up production of its best-selling aircraft, reported Reuters.
As per the report, while the master schedule serves as a demand signal, it is not an official production target.
In July, CFO Brian West told Reuters, &#8220;On the master schedule, we continue to make adjustments as needed and manage supplier by supplier based on inventory levels.&#8221;
&#8220;Our objective remains to keep the supply chain paced ahead of final assembly to support stability.&#8221;
The mid-air incident in January, involving a&nbsp;door panel blowing off, has had a <a target="_blank" href="https://www.benzinga.com/news/24/07/39818420/boeings-737-max-crisis-ripple-effects-disrupt-airlines-suppliers" rel="noreferrer noopener">domino effect on all aspects of the aviation industry.</a>
In August, Boeing announced plans to implement design changes aimed at preventing future <a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40212583/boeing-says-it-has-a-design-change-that-will-prevent-plane-doors-from-flying-out-mid-air-like-wh" rel="noreferrer noopener">mid-air cabin panel blowouts</a>.
Notably, Boeing stated earlier that the 737 programs gradually increased production in the second quarter and planned to increase production to <a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/40066164/boeings-q2-earnings-huge-revenue-decline-lower-deliveries-names-former-aerospace-industries-associa" rel="noreferrer noopener">38 per month by year-end</a>.
Recently, a tentative labor agreement between Boeing and one of its largest unions has left many workers <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40784605/boeing-labor-deal-sparks-anger-among-union-workers-ahead-of-crucial-vote-theyre-angry" rel="noreferrer noopener">dissatisfied ahead of a crucial vote</a>.
Jon Holden, president of IAM District 751 and lead negotiator, noted that workers are frustrated, seeking higher wage increases and improved pensions. Union members will vote on the deal Thursday, with the possibility of a strike still looming.
Investors can gain exposure to the stock via&nbsp;IShares U.S.&nbsp;Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) and&nbsp;Gabelli Commercial Aerospace and Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCAD#NYSE">GCAD</a>).
Price Action: BA shares are down 0.26% at $162.49 premarket at the last check Tuesday.
Photo via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40779678/boeings-tentative-union-deal-and-starliner-return-boost-sentiment-but-analyst-remai" target="_blank" rel="noreferrer noopener">Boeing&#8217;s Tentative Union Deal And Starliner Return Boost Sentiment, But Analyst Remains Neutral Pending Vote</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Boeing's 737 MAX Production Faces New Delays: Report

The Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) shares are trading higher today following a tentative deal <a target="_blank" href="https://www.benzinga.com/news/24/09/40768691/boeing-shares-rise-nearly-3-in-pre-market-after-tentative-deal-with-workers-union-to-avert-september" rel="noreferrer noopener">with workers to avert a strike</a>.
The company reached a tentative agreement with a union that represents over 32,000 workers in the U.S. Pacific Northwest. This agreement could prevent a potential strike that was set to begin as early as Sep. 13.
The proposed four-year contract, which includes a 25% wage increase and a commitment to build the next commercial airplane in the Seattle area, marks a significant win for new Boeing CEO&nbsp;Kelly Ortberg.
B Of A Securities analyst Ronald J. Epstein writes that in their previous discussion with IAM 751 President Jon Holden, the union&#8217;s key priorities were outlined as &#8211; Wages, Job Security, and Safety and Quality Oversight.
The union initially proposed a 40% wage increase over three to four years, reduced out-of-pocket healthcare costs, restoration of the defined-benefit pension plan, easing of mandatory overtime rules, and a commitment that Boeing&#8217;s next aircraft will be built in the Puget Sound region, adds the analyst.
Epstein says that while concessions and Holden&#8217;s endorsement suggest a lower chance of a strike, strong member support for the pension and wage increase poses a risk of rejection.
If accepted, the deal would benefit the industry by preventing further OEM delivery disruptions, adds the analyst.
Consequently, Epstein maintained a Neutral rating <a target="_blank" href="https://www.benzinga.com/quote/BA/analyst-ratings" rel="noreferrer noopener">pending the vote outcome</a>.
Apart from this, Boeing&#8217;s Starliner safely returned to Earth in New Mexico on Friday, <a target="_blank" href="https://www.benzinga.com/news/24/09/40758526/boeing-starliner-returns-to-earth-without-sunita-williams-and-butch-wilmore-lands-in-new-mexico-afte" rel="noreferrer noopener">concluding its three-month flight test</a>.
The analyst sees both this successful landing and the union deal as meaningful positives for Boeing, improving sentiment and supporting Kelly Ortberg&#8217;s efforts to advance the company.
Investors can gain exposure to the stock via&nbsp;IShares U.S.&nbsp;Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) and&nbsp;Gabelli Commercial Aerospace and Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCAD#NYSE">GCAD</a>).
Price Action: BA shares are up 3.59% at $163.28 at the last check Monday.
Photo via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40698064/boeings-cash-flow-goal-may-be-pushed-back-wells-fargo-says-while-lowering-outlook" target="_blank" rel="noreferrer noopener">Boeing&#8217;s Cash Flow Goal May Be Pushed Back, Wells Fargo Says While Lowering Outlook</a></li>
</ul>

Reiteration

Boeing's Tentative Union Deal And Starliner Return Boost Sentiment, But Analyst Remains Neutral Pending Vote

Boeing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) may <a href="https://www.benzinga.com/markets/equities/24/08/40541938/nasa-chooses-spacex-over-boeing-for-stranded-astronauts-return-starliners-future-in-doubt">need to delay</a> its annual free cash flow target of $10 billion by two years to 2027-&#8217;28 and come up with $30 billion before it can start designing a new aircraft, said Wells Fargo, which lowered its outlook on the company&#8217;s shares.
Lead analyst Matthew Akers lowered Boeing from<a href="https://www.benzinga.com/news/24/09/40695093/why-boeing-stock-is-nosediving-tuesday"> Equal-Weigh to Underweight </a>and cut the target price from $185 to $119.
Following the downgrade, Boeing&#8217;s shares declined more than 8% to almost a two-year low on Tuesday, Reuters reported. 
Read Also: <a href="https://www.benzinga.com/markets/equities/24/08/40541938/nasa-chooses-spacex-over-boeing-for-stranded-astronauts-return-starliners-future-in-doubt">NASA Chooses SpaceX Over Boeing For Stranded Astronauts&#8217; Return: Starliner&#8217;s Future In Doubt</a>
Akers said Boeing has about $45 billion in net debt that it must address before it starts the next cycle for developing airplanes. Getting rid of that debt would burn its cash flow through 2030, he said.
Boeing is dealing with regulatory limitations on making its 737 MAX aircraft that have burdened free cash flow after a mid-air accident in January.
&#8220;Given a likely new aircraft launch in the next few years, Boeing will need to shore up the balance sheet sooner,&#8221; Akers said in a note. 
&#8220;We estimate a roughly $30 billion equity raise to get back to zero net debt by 2027.&#8221;
Boeing CFO Brian West said during a July earnings call the company would manage its balance sheet in a prudent manner and supplement liquidity as needed.
Boeing&#8217;s free cash flow per share could grow to about $20 this decade if it delayed new planes for &#8220;several more years&#8221; and just paid down debt, Akers said, but that would risk losing market share to rival Airbus SE in the long term.
Price Action: Boeing&#8217;s shares, which have lost about a third of their value this year, declined 7.32% to close at $161.02 on Tuesday. Exchange-traded funds that follow the stock also trended downward.
<ul>
<li>IShares U.S. Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) fell 3.42%</li>
<li>Gabelli Commercial Aerospace and Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCAD#NYSE">GCAD</a>) dipped 2.69%</li>
<li>Direxion Daily Aerospace &amp; Defense Bull 3X Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFEN#NYSE">DFEN</a>) dropped 10.31%</li>
<li>First Trust Indxx Aerospace &amp; Defense ETF ARCA: MISL) slid 2.73%</li>
<li>Invesco Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPA#NYSE">PPA</a>) lost 2.98%</li>
</ul>
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</ul>
Photo: Shutterstock

Government

Boeing's Cash Flow Goal May Be Pushed Back, Wells Fargo Says While Lowering Outlook

Looking for broad exposure to the Industrials - Aerospace &amp; Defense segment of the equity market? You should consider the iShares U.S. Aerospace &amp; Defense ETF (BATS: <a class="ticker" href="https://www.benzinga.com/stock/ita#BATS">ITA</a>), a passively managed exchange traded fund launched on 05/01/2006.
Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency. They are excellent vehicles for long term investors.
Sector ETFs also provide investors access to a broad group of companies in particular sectors that offer low risk and diversified exposure. Industrials - Aerospace &amp; Defense is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 1, placing it in top 6%.
<h2>Index Details</h2>
The fund is sponsored by Blackrock. It has amassed assets over $6.64 billion, making it one of the largest ETFs attempting to match the performance of the Industrials - Aerospace &amp; Defense segment of the equity market. ITA seeks to match the performance of the Dow Jones U.S. Select Aerospace &amp; Defense Index before fees and expenses.
The Dow Jones U.S. Select Aerospace &amp; Defense Index measures the performance of the aerospace and defense sector of the U.S. equity market.
<h2>Costs</h2>
When considering an ETF&#39;s total return, expense ratios are an important factor, and cheaper funds can significantly outperform their more expensive counterparts in the long term if all other factors remain equal.
Annual operating expenses for this ETF are 0.40%, making it one of the cheaper products in the space.
It has a 12-month trailing dividend yield of 0.84%.
<h2>Sector Exposure and Top Holdings</h2>
Even though ETFs offer diversified exposure which minimizes single stock risk, it is still important to look into a fund&#39;s holdings before investing. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation in the Industrials sector--about 99.70% of the portfolio.
Looking at individual holdings, Ge Aerospace (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ge#NYSE">GE</a>) accounts for about 18.43% of total assets, followed by Rtx Corp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rtx#NYSE">RTX</a>) and Boeing (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ba#NYSE">BA</a>).
The top 10 holdings account for about 76.93% of total assets under management.
<h2>Performance and Risk</h2>
Year-to-date, the iShares U.S. Aerospace &amp; Defense ETF return is roughly 15.22% so far, and it&#39;s up approximately 26.94% over the last 12 months (as of 08/29/2024). ITA has traded between $103.16 and $145.30 in this past 52-week period.
The ETF has a beta of 0.97 and standard deviation of 18.55% for the trailing three-year period, making it a medium risk choice in the space. With about 39 holdings, it has more concentrated exposure than peers.
<h2>Alternatives</h2>
IShares U.S. Aerospace &amp; Defense ETF holds a Zacks ETF Rank of 2 (Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, ITA is a great option for investors seeking exposure to the Industrials ETFs segment of the market. There are other additional ETFs in the space that investors could consider as well.
SPDR S&amp;P Aerospace &amp; Defense ETF (ARCA:XAR) tracks S&amp;P Aerospace &amp; Defense Select Industry Index and the Invesco Aerospace &amp; Defense ETF (ARCA:PPA) tracks SPADE Defense Index. SPDR S&amp;P Aerospace &amp; Defense ETF has $2.30 billion in assets, Invesco Aerospace &amp; Defense ETF has $3.76 billion. XAR has an expense ratio of 0.35% and PPA charges 0.58%.
<a href="https://www.zacks.com/stock/news/2328670/should-you-invest-in-the-ishares-u-s-aerospace-defense-etf-ita?cid=CS-BENZ-FT-sector_etf-2328670">To read this article on Zacks.com click here.</a>

Sector ETFs

Should You Invest in the iShares U.S. Aerospace & Defense ETF?

At least nine <a href="https://www.benzinga.com/markets/emerging-markets/24/05/39048961/all-eyes-on-rafah-as-israeli-forces-enter-safe-zones-spain-ireland-and-norway-officially">Palestinians were killed</a> on Wednesday, according to Palestinian authorities, as Israeli forces moved into the cities of Jenin and Tulkarm and other areas in the occupied West Bank.
The major attack, which carried out by helicopter and drones, came after smaller raids in the area in recent weeks as Israeli forces tried to defeat Palestinian militant groups, Reuters reported.
Israel is combatting Hamas fighters in Gaza while handling rising tensions with the Iranian-backed Hezbollah movement in southern Lebanon.
The Palestinian health ministry said Israeli troops surrounded Jenin&#8217;s main hospital with earthmounds to block fighters seeking refuge.
Read Also: <a href="https://www.benzinga.com/economics/macro-economic-events/24/08/40416808/oil-prices-drop-as-gaza-ceasefire-talks-progress-china-releases-weak-economic-dat">Oil Prices Drop As Gaza Ceasefire Talks Progress, China Releases Weak Economic Data</a>
Palestine&#8217;s military released the names of five Palestinians identified as militant fighters for Hamas and Islamic Jihad who were killed in Tulkarm on Monday.
In addition to the raids in Jenin and Tulkarm, the military said forces also raided the town of Far&#8217;a near Tubas in the Jordan Valley, killing at least four people in a drone strike.
Battles in the West Bank have risen sharply since the start of the&nbsp;Israel-Hamas War in Gaza.
Thousands of Palestinians have been arrested in raids and more than 660 fighters and civilians have been killed in the West Bank and East Jerusalem since the war in Gaza began almost 11 months ago, according to the Palestinian Health Ministry.
At least 30 Israelis have been killed in attacks in Jerusalem and the West Bank during the period, according to Israeli tallies.
Price Action: Defense companies experienced ups and downs into Wednesday&#8217;s mid-day trading, while exchange-traded funds that hold their stocks trended upward.
<ul>
<li>Lockheed Martin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) gained 0.55% to $563.51 </li>
<li>Boeing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) slipped 1.47% to $170.50</li>
<li>Northrup Grumman (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) ticked down 0.12% to $511.84</li>
<li>iShares U.S. Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) picked up 0.38%</li>
<li>Invesco Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPA#NYSE">PPA</a>) went up 0.21%</li>
<li>SPDR S&amp;P Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XAR#NYSE">XAR</a>) rose 0.45%</li>
</ul>
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</ul>
Image: Dimitrios Karamitros via Shutterstock

Nine Palestinians Killed As Israeli Forces Press Into West Bank

The Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) released the 2024 Commercial Market Outlook (CMO), which states projects that China will more than double its <a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/n40567580/boeing-china-commercial-fleet-to-more-than-double-by-2043-for-growth-and-modernization" rel="noreferrer noopener">commercial airplane fleet by 2043</a>.
In particular, the company expects new deliveries of 8,830 new planes in China through 2043.
This expansion aligns with the modernization of the nation&#8217;s aviation industry to accommodate the increasing demand for both passenger and cargo air travel.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40344147/moodys-s-p-cast-doubt-on-boeings-737-max-target-report" rel="noreferrer noopener">Moody&#8217;s, S&amp;P Cast Doubt on Boeing&#8217;s 737 MAX Target: Report</a>
Boeing predicts China&#8217;s commercial fleet will grow 4.1% annually, <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">from 4,345 to 9,740 planes by 2043</a>.
Passenger traffic will rise 5.9% annually, outpacing the global average, fueled by expanded airline networks connecting major hubs to smaller cities.
The company anticipates that China will become the world&#8217;s largest air travel market, fueling demand for single-aisle jets, which will make up over 75% of deliveries.
Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40391384/boeing-seals-deal-with-el-al-israel-airlines-for-737-max-jets-details" rel="noreferrer noopener">Boeing Seals Deal with EL AL Israel Airlines For 737 MAX Jets: Details</a>
The country is expected to also lead in widebody fleets, requiring 1,575 new planes. Additionally, China&#8217;s freighter fleet is projected to nearly triple, driven by booming e-commerce.
Darren Hulst, Boeing vice president of Commercial Marketing, said, &#8220;China&#8217;s&nbsp;commercial aviation market for passengers and cargo continues to expand, driven by economic growth and airlines building their in-country networks.&#8221;
&#8220;As this forecast shows,&nbsp;China&#8217;s&nbsp;airlines will see strong demand, requiring further growth of their modern fuel-efficient fleets.&#8221;
Investors can gain exposure to the stock via&nbsp;IShares U.S.&nbsp;Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) and&nbsp;Gabelli Commercial Aerospace and Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCAD#NYSE">GCAD</a>).
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40483291/boeings-777x-faces-yet-another-setback-structural-cracks-reportedly-force-grounding-of-test-flee" rel="noreferrer noopener">Boeing&#8217;s 777X Faces Yet Another Setback: Structural Cracks Reportedly Force Grounding Of Test Fleet</a>
Price Action: BA shares are up 0.10% at $173.66 premarket at the last check Tuesday.
Image via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/news/24/08/40548925/spacex-ceo-elon-musk-takes-a-dig-at-boeing-says-aircraft-companies-cannot-dominate-space-travel-indu" target="_blank" rel="noreferrer noopener">SpaceX CEO Elon Musk Takes A Dig At Boeing, Says Aircraft Companies Cannot Dominate Space Travel Industry</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Guidance

Boeing Sees Strong Demand For Planes In China, Expects Fleet To Double By 2043

Market strategist Jay Woods has identified two sectors and several investment opportunities that could thrive regardless of whether Donald Trump or Kamala Harris wins <a href="https://www.benzinga.com/topic/2024-election">the 2024 election.</a>
Defense Stocks: Woods, who is the <a href="https://www.benzinga.com/topic/jay-woods">Chief Global Strategist</a> for Freedom Capital Markets, sees the defense sector as one that could benefit no matter who wins the upcoming election.
Woods said that Boeing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) is one defense stock that has held back the sector and hurt ETFs like the iShares US Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>).
The market strategist named stocks like Northrop Grumman (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>), General Dynamics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>), Lockheed Martin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), RTX Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) and GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) as companies to watch in the defense sector.
"These stocks are our best in class and they're making new highs," Woods said.
On GE Aerospace, Woods said this is a good example of what splitting up companies can do, noting it could be a potential precursor to what could be in store for Alphabet Inc.
"GE had done nothing. It was dead money for years."
Woods said the sum of the parts was greater than the whole for GE.
The defense sector could continue to benefit from geopolitical concerns and a lot of bad things happening in the world, Woods said.
"I think you&#8217;ve got to watch this sector closely."
Read Also: <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/07/40025773/bad-news-ahead-for-investors-august-september-are-worst-two-months-over-past-20-years-">Bad News Ahead For Investors? August, September Are Worst Two Months Over Past 20 Years — But 2024 Could Be Different</a>
Cybersecurity Stocks: Woods said the cybersecurity sector could also benefit no matter who wins the 2024 election.
"We know how important that is," Woods said of cybersecurity.
Woods named CrowdStrike Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) as the cybersecurity stock that has weighed down the sector and ETFs like the Amplify Cybersecurity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HACK#NYSE">HACK</a>).
The market strategist said it is going to take time for CrowdStrike to come back, and investors might not want to jump back in.
Other names in the cybersecurity sector Woods likes are Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>), Check Point Software Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>), Palo Alto Networks Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>), Cloudflare Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>) and Cisco Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>).
Palo Alto Networks was highlighted as a stock with a strong long-term trend. Woods noted that while the stock has been hit hard on earnings in the past, it&#8217;s poised for a comeback in the near future.
Woods mentioned that naming Cisco often catches people off guard, given the stock has done nothing over the last 20 years. However, in the short term, Woods said that the stock appears to have broken out of a downtrend.
An acquisition of Splunk is still being digested by Cisco, but could help in its cybersecurity efforts, Woods said.
"I think they're starting to reap the benefits of that. Cisco to me looks like something's changed. It's worth taking a flyer."
Woods said Cisco isn't a popular recommendation, but there could be something there.
"If you like boring, I give you Cisco."
The market strategist said picking individual stocks could outperform the overall cybersecurity sector, but the CrowdStrike drop also shows the impact one bad stock can have on a portfolio.
"I think the safest way to play cyber is the ETFs."
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Investing In Defense Stocks: ETFs or Individual Names?" width="500" height="281" src="https://www.youtube.com/embed/NTM2J1dfM6M?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Watch the full PreMarketPrep episode <a href="https://www.youtube.com/watch?v=vGXosi2hWTQ">here</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/exclusives/24/07/39886192/exclusive-tesla-an-elon-musk-and-a-technology-story-first-ev-story-last-market-strategist-explains-w">EXCLUSIVE: Tesla &#8216;An Elon Musk And A Technology Story First, EV Story Last&#8217; — Market Strategist Explains Why To Buy The Stock</a></li>
</ul>
Photo created with images from Benzinga and artificial intelligence using Midjourney.

Exclusives

CHKP

CRWD

CSCO

FTNT

HACK

PANW

EXCLUSIVE: Trump Or Harris? 12 Stocks, 2 ETFs Could Win No Matter Who's President, Says Market Strategist

President Volodomyr Zelenskyy said <a href="https://www.benzinga.com/government/24/08/40352731/russia-strikes-back-at-ukraines-ground-incursion-into-kursk">Ukrainian forces have captured</a> another Russian village while visiting the border where his troops crossed into Russia&#8217;s Kursk region in early August, while Moscow said its ground forces have taken control of a village in eastern Ukraine.
Kyiv has also reported carrying out a drone strike on an air base in southern Russia, but Russia said it had pushed back an effort by Ukrainian forces to cross the border in an area 150 miles from the site of Ukraine&#8217;s incursion into Kursk on Aug. 6, Reuters reported.
Kyiv has announced that its ground forces have won a series of battles since the advance into Kursk, but Russian forces have been slowly but steadily moving farther into eastern Ukraine for months. 
On Thursday, the Russian defense ministry said forces had seized the village of Mezhove in Ukraine&#8217;s eastern Donetsk region.
Read Also: <a href="https://www.benzinga.com/news/24/08/40330846/russian-president-blames-ukraine-of-sabotaging-peace-talks-through-border-incursion-says-enemy-will">Russian President Blames Ukraine Of Sabotaging Peace Talks Through Border Incursion, Says &#8216;Enemy Will Certainly Receive A Worthy Response&#8217;</a>
Reuters could not independently confirm the latest battlefield reports from Kyiv or Moscow. Russia has repeatedly said its forces have stopped the Ukrainian incursion, but Kyiv has kept saying that its troops are making more advances into Russia.
Zelenskyy said in a statement, there had been less shelling and civilian casualties in Ukraine&#8217;s Sumy region since the Kursk operation. He also said Ukrainian forces captured one more Russian village, after Ukrainian officials said Kyiv controls more than 90 settlements in Kursk.
A security source in Kyiv said Ukraine had also carried out a drone attack on Russia&#8217;s Marinovka military airfield in Volgograd in southern Russia, hitting a storage site for fuel and glide bombs.
Russia&#8217;s defense ministry said it had shot down 28 drones over Russian territory.
The Ukrainian military&#8217;s general staff said Russian troops carried out 53 attacks and offensive actions on the front to the east of the transport hub of Pokrovsk in the last 24 hours.
The Ukrainian navy said its forces attacked a Russian ammunition and fuel storage site on the Moscow-held Kinburn Spit that juts out into the Black Sea in occupied southern Ukraine.
Price Action: Defense stocks moved upward during Thursday&#8217;s late-morning trading session.
<ul>
<li>RTX Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) gained 0.31% to $117.62</li>
<li>Lockheed Martin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) rose 0.43% to $556.14</li>
<li>Northrup Grumman Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) went up 0.55% to $509.65</li>
</ul>
Exchange-traded funds that track defense stocks also saw gains at the time of publication Thursday.
<ul>
<li>IShares U.S. Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) rose 0.22%</li>
<li>Invesco Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPA#NYSE">PPA</a>) gained 0.09%</li>
<li>SPDR S&amp;P Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XAR#NYSE">XAR</a>) improved 0.13%</li>
</ul>
Read Now:
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<li><a href="https://www.benzinga.com/news/24/08/40321861/russia-evacuates-civilians-from-border-as-ukraine-continues-ground-offensive">Russia Evacuates Civilians From Border As Ukraine Continues Ground Offensive</a></li>
</ul>
Photo: Shutterstock

Eurozone

Zelenskyy Announces Capture Of Another Russian Village As Ukraine Pushes Deeper Into Kursk

The possibility of Donald Trump&#8216;s return to the White House has triggered a surge in investments in European defense-tech startups, as per industry executives and investors.
What Happened: Trump&#8217;s unpredictable approach towards NATO and defense budgets has led to a rise in military spending and investment in defense-tech startups across Europe. The former president is currently in a tight race with Vice President Kamala Harris for the Nov. 5 election, Reuters reported on Thursday.
Global military spending hit a record high of $2.4 trillion in 2023, according to the Stockholm International Peace Research Institute (SIPRI). In June, the NATO Innovation Fund (NIF) announced partnerships with venture capital firms and defense startups across Europe, aiming to strengthen security in the region. The European Union also pledged over $1 billion towards military innovation earlier this year.
While the potential of a Trump presidency wasn&#8217;t the only factor driving these initiatives, it has significantly influenced investments in manufacturers of drones, robotics, and quantum computing, according to eight industry executives.
See Also: <a href="https://www.benzinga.com/news/24/08/40453368/bernie-sanders-trump-labeled-kamala-harris-an-extreme-communist-on-her-price-gauging-plan-but-doesnt?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bernie Sanders: Trump Labeled Kamala Harris An &#8216;Extreme Communist&#8217; On Her Price Gauging Plan, But Doesn&#8217;t  Matter What He Says, No One Believes Him</a>
One of the leading investors is Munich-based Vsquared Ventures, which recently raised a 214 million euro ($237.99 million) fund to invest in space, robotics, and other technologies. 
&#8220;Trump&#8217;s threats have made European states think very differently about investing in their own capabilities and giving contracts out, often to startups,&#8221; said Herbert Mangesius, founding partner at Vsquared.
Currently, the NIF is backed by 24 NATO countries, with eight remaining countries &#8211; including Canada and the U.S. &#8211; not involved. Andrea Traversone, the organization&#8217;s managing partner, expressed his ambition to have all NATO allies join the fund.
Defense and security spending across Europe rose 16% to 552 billion euros since 2022, as per SIPRI data. This increase in spending has resulted in governments partnering with new technology companies and investing more in their defense capabilities.
Why It Matters: Trump&#8217;s potential return and his past comments <a href="https://www.benzinga.com/news/24/02/37061734/biden-says-if-trump-able-to-gain-power-again-he-will-let-russia-do-whatever-the-hell-they-want-with">concerning NATO allies </a>and defense spending have raised concerns among European nations. Trump hinted that the U.S. might not defend NATO allies who fail to meet their defense spending targets against a potential Russian invasion. 
These comments, coupled with escalating tensions with Russia and China, have led to a <a href="https://www.benzinga.com/government/24/04/38155210/western-nations-may-face-10-trillion-defense-spending-surge-amid-russia-china-threat-report">surge in defense spending</a> by Western nations, which could surpass $10 trillion in the next decade. 
Price Action: In the U.S., defense ETFs such as Invesco Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPA#NYSE">PPA</a>) was trading 0.19% higher at $111.02, SPDR S&amp;P Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XAR#NYSE">XAR</a>) was trading 0.17% higher at $152.29 while iShares U.S. Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) was trading 0.28% higher at $144.30, according to <a href="https://pro.benzinga.com">Benzinga Pro.</a>
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades" target="_blank" rel="noreferrer noopener">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Image via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Startups

Trump's Potential Return Triggers Investors' Demand For European Defense Startups

The Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) shares are trading marginally higher premarket Wednesday. The company reportedly discovered structural cracks in its 777X jetliner during initial test flights, adding to the delays of the long-awaited aircraft.
Boeing identified a failed thrust link—a component linking the engine to the plane—during maintenance, with cracks found on two other aircraft, the <a target="_blank" href="https://www.wsj.com/finance/stocks/texas-instruments-tries-to-ease-its-capital-pain-a382ea1e?mod=business_lead_story" rel="noreferrer noopener">WSJ</a> reported on Tuesday.
According to the report, the company plans to ground its four-plane test fleet to replace the faulty component and investigate the issue. Boeing has notified federal regulators and customers.
The 777X, aimed at connecting major cities and accommodating around 400 passengers, was first unveiled in 2013 with an initial delivery target of 2020.
Boeing has orders for about 500 of the new aircraft, with deliveries starting in 2025. The report noted that it is unclear what impact the issue could have on the launch date.&nbsp;
This new setback may push the launch to 2026 and impact investor confidence, according to RBC analyst Ken Herbert, which the report highlighted.
Boeing has been in the pickle for several months due to FAA inspections, halted test flights<a target="_blank" href="https://www.benzinga.com/trading-ideas/technicals/24/08/40465768/boeing-stock-is-flying-low-but-are-technical-indicators-ready-for-takeoff" rel="noreferrer noopener">, and regulatory headwinds</a>.
Yesterday, the U.S. Federal Aviation Administration (FAA) reportedly disclosed that inspections of Boeing 787 Dreamliners will be required following a March incident in which LATAM Airlines plane experienced a sudden <a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40457301/whats-going-on-with-boeing-stock-premarket-tuesday" rel="noreferrer noopener">mid-air dive, injuring over 50 passengers</a>.
Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40245022/ntsb-calls-out-boeing-for-safety-lapses-faa-steps-up-scrutiny" rel="noreferrer noopener">NTSB Calls Out Boeing For Safety Lapses: FAA Steps Up Scrutiny</a>
Investors can gain exposure to the stock via&nbsp;IShares U.S.&nbsp;Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) and&nbsp;Gabelli Commercial Aerospace and Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCAD#NYSE">GCAD</a>).
Price Action: BA shares are up 0.12% at $172.30 premarket at the last check Wednesday.
Photo via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/news/24/08/40427830/ula-owners-in-talks-to-sell-spacex-rival-to-sierra-space-report" target="_blank" rel="noreferrer noopener">ULA Owners In Talks To Sell SpaceX Rival To Sierra Space: Report</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Boeing's 777X Faces Yet Another Setback: Structural Cracks Reportedly Force Grounding Of Test Fleet

Boeing Company&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) shares are trading lower premarket Tuesday. The U.S. Federal Aviation Administration (FAA) reportedly disclosed that inspections of Boeing 787 Dreamliners will be required.
This decision follows a March incident in which a LATAM Airlines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LTM#NYSE">LTM</a>) plane experienced a sudden mid-air dive, injuring over 50 passengers, reported Reuters.
The FAA stated that the likely cause of the dive was the uncommanded movement of the captain&#8217;s seat, which led to the autopilot&#8217;s disconnection.
The agency has received five reports of similar issues with the captain and first officer seats on 787s, with two incidents still under investigation. The FAA&#8217;s airworthiness directive affects 158 U.S.-registered and 737 airplanes globally.
The directive mandates that airlines inspect the captain&#8217;s and first officer&#8217;s seats on 787-7, 787-9, and 787-10 models within 30 days for missing or cracked rocker switch caps or cracked switch cover assemblies, per the report.
The FAA warned that uncommanded horizontal movement of an occupied seat could lead to a rapid descent of the airplane, posing a serious risk of injury to passengers and crew.
Separately, Boeing announced it had halted test flights on its 777-9 awaiting certification after identifying a component between the engine and airplane structure that failed during a maintenance check.
The report further added that the FAA confirmed that Boeing had discovered the damaged component after a 777-9 flight test last week.
This month, the head of the National Transportation Safety Board (NTSB) stated that the mid-air emergency involving&nbsp;Alaska Air Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>) Boeing 737 MAX 9 was entirely avoidable, as Boeing should have addressed <a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40245022/ntsb-calls-out-boeing-for-safety-lapses-faa-steps-up-scrutiny" rel="noreferrer noopener">unauthorized production work earlier</a>.
Also, Boeing announced plans to make design alterations aimed at preventing future<a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40212583/boeing-says-it-has-a-design-change-that-will-prevent-plane-doors-from-flying-out-mid-air-like-wh" rel="noreferrer noopener"> mid-air cabin panel blowouts</a>.
Investors can gain exposure to the stock via&nbsp;IShares U.S.&nbsp;Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) and&nbsp;Gabelli Commercial Aerospace and Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCAD#NYSE">GCAD</a>).
Price Action: BA shares are down 0.97% at $177.89 premarket at the last check Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: Tada Images On Shutterstock.com
Read Next:
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<li><a href="https://www.benzinga.com/news/24/08/40427830/ula-owners-in-talks-to-sell-spacex-rival-to-sierra-space-report" target="_blank" rel="noreferrer noopener">ULA Owners In Talks To Sell SpaceX Rival To Sierra Space: Report</a></li>
</ul>

Legal

What's Going On With Boeing Stock Premarket Tuesday?

On CNBC, Joe Terranova Announces Sold iShares U.S. Aerospace & Defense ETF

Boeing Company&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) shares are trading higher premarket Thursday. The company disclosed that EL AL Israel Airlines has <a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/n40387778/el-al-israel-airlines-finalizes-order-for-up-to-31-boeing-737-max-jets" rel="noreferrer noopener">finalized a deal for up to 31 737 MAX jets</a>.
El Al Israel Airlines inked a deal valued at up to $2.5 billion, reported Reuters.
The Israeli flag carrier is supporting its fleet renewal plans for Next-Generation 737 aircraft.
The 737 MAX family will enable EL AL to achieve the best per-seat economics in its class, enhance environmental performance, and improve passenger comfort.
Specifically, the 737 MAX will reduce fuel consumption and emissions by 20% compared to the planes it replaces and have a 50% smaller noise footprint.
EL AL&#8217;s 737 MAX order comes after its earlier purchase of three additional 787-9 airplanes, with options for six more, as it continues to expand its 787 Dreamliner fleet.
The airline will receive a new 787-9 this year and plans to take delivery of two more leased 787-9s in the coming years.
Stephanie Pope, president and CEO of Boeing Commercial Airplanes, said, &#8220;We know EL AL depends on the versatility and reliability of Boeing airplanes, and we look forward to delivering the 737 MAX and 787 Dreamliner jets that will reshape and grow the airline in the coming decades.&#8221;
Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40344147/moodys-s-p-cast-doubt-on-boeings-737-max-target-report" rel="noreferrer noopener">Moody&#8217;s, S&amp;P Cast Doubt on Boeing&#8217;s 737 MAX Target: Report</a>
Dina Ben-Tal Ganancia, CEO of EL AL Israel Airlines, said, &#8220;EL AL has a central role in ensuring open skies for&nbsp;Israel. The implementation of our strategic plan &#8211; which aims to expand the fleet, increase the value proposition for customers and increase capacity and seating &#8211; will ensure a strong and growing company for many years to come.&#8221;
Investors can gain exposure to the stock via&nbsp;IShares U.S.&nbsp;Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) and&nbsp;Gabelli Commercial Aerospace and Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCAD#NYSE">GCAD</a>).
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40245022/ntsb-calls-out-boeing-for-safety-lapses-faa-steps-up-scrutiny" rel="noreferrer noopener">NTSB Calls Out Boeing For Safety Lapses: FAA Steps Up Scrutiny</a>
Price Action: BA shares are up 0.36% at $168.30 premarket at the last check Thursday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/news/24/08/40282460/boeings-new-ceo-kelly-ortberg-shifts-base-to-seattle-amid-airplane-makers-safety-crisis" target="_blank" rel="noreferrer noopener">Boeing&#8217;s New CEO Kelly Ortberg Shifts Base To Seattle Amid Airplane-Maker&#8217;s Safety Crisis</a></li>
</ul>

Contracts

Boeing Seals Deal with EL AL Israel Airlines For 737 MAX Jets: Details

Putin: West will be at war with Russia if Ukraine is allowed to use long-range missiles

Last week, I thought for sure that the market would need more time near the recent lows before it could move higher. However, prices are now pushing up towards all-time highs once again.

Prices Pushing Up Again

Curtiss-Wright: Strong Growth, But Valuation Is A Downside Risk

Resilient U.S. Retail Sales Suggests Fed Decision Will Be A Coin Toss

U.S. Defense Majors Are Losing The Export War

Jamie Dimon: Geopolitical tensions, 'evil axis' countries are top concern

How four election outcomes could impact the markets, according to Société Générale

ITA's Valuation Is Elevated As Its Secular Growth Trend Has Been Priced In

Q3 2024 CIO Overview

The SPX index hit a new all-time high on Thursday, but it then closed well off its high. The breakout wasn't the best, and combined with the nervousness about the election, I think the market will continue to be difficult until the end of October.

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iShares U.S. Aerospace & Defense ETF

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Latest news for iShares U.S. Aerospace & Defense ETF (BATS:ITA)