Lockheed Martin (NYSE:LMT) Stock, Quote.Headers.trade-ideas

Lockheed Martin

Lockheed Martin is the world's largest defense contractor and has dominated the Western market for high-end fighter aircraft since it won the F-35 Joint Strike Fighter program in 2001. Lockheed's largest segment is aeronautics, which derives upward of two-thirds of its revenue from the F-35. Lockheed's remaining segments are rotary and mission systems, mainly encompassing the Sikorsky helicopter business; missiles and fire control, which creates missiles and missile defense systems; and space systems, which produces satellites and receives equity income from the United Launch Alliance joint venture.

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L3Harris Technologies (NYSE: LHX) announced that it has received a five-year contract, worth $587.4 million, to deliver custom tactical jamming pods designed to modernize the U.S. Navy&#39;s Aerial Electronic Attack capability.

L3Harris Wins $587M Contract for Next Generation Jammer-Low Band

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Global

Russia is increasing its army by 180,000 troops, making it the second largest in the world. This is the third expansion since the war with Ukraine began.

Russia To Expand Army For Third Time Since War With Ukraine Began: Defense Stocks RTX, Northrop Grumman Gain

Gaza.Shutterstock

EQNR

Turkey&#39;s intelligence chief met with Hamas in Ankara to discuss Gaza ceasefire negotiations, as Turkey denounces Israel&#39;s assault and conducts intensive diplomacy.

Turkey&#39;s Spy Chief Meets With Hamas To Discuss Cease-Fire In Gaza: Reports

Lockheed Martin Corp

LASER MASTER INTL INC by Laser Master International, Inc.

Laser Master International Inc

Lockheed Martin Awarded $297M GeoXO Lightning Mapper Contract To Support Severe Weather Monitoring With Two Instruments

NASA Selects Lockheed Martin To Develop A Lightning Mapping Instrument As Part Of NOAA's GeoXO Satellite Program; The Cost-plus-award-fee Contract Is Valued At ~$297.1M

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>JCI</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$80.00</td>
<td>$89.8K</td>
<td>642</td>
<td>5.7K</td>
</tr>
<tr>
<td>CHPT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$1.50</td>
<td>$31.5K</td>
<td>15.1K</td>
<td>1.0K</td>
</tr>
<tr>
<td>RKLB</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/18/26</td>
<td>$12.00</td>
<td>$46.7K</td>
<td>3.7K</td>
<td>340</td>
</tr>
<tr>
<td>SYM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$15.00</td>
<td>$114.0K</td>
<td>106</td>
<td>300</td>
</tr>
<tr>
<td>GEV</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$250.00</td>
<td>$110.2K</td>
<td>219</td>
<td>108</td>
</tr>
<tr>
<td>LYFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$5.00</td>
<td>$37.6K</td>
<td>330</td>
<td>89</td>
</tr>
<tr>
<td>LMT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$565.00</td>
<td>$102.0K</td>
<td>180</td>
<td>78</td>
</tr>
<tr>
<td>GE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$195.00</td>
<td>$50.1K</td>
<td>6</td>
<td>46</td>
</tr>
<tr>
<td>GWW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$1060.00</td>
<td>$32.4K</td>
<td>0</td>
<td>41</td>
</tr>
<tr>
<td>FERG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$180.00</td>
<td>$53.7K</td>
<td>3</td>
<td>20</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For JCI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>), we notice a call option trade that happens to be neutral, expiring in 122 day(s) on January 17, 2025. This event was a transfer of 418 contract(s) at a $80.00 strike. The total cost received by the writing party (or parties) was $89.8K, with a price of $215.0 per contract. There were 642 open contracts at this strike prior to today, and today 5757 contract(s) were bought and sold. 
• Regarding CHPT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NYSE">CHPT</a>), we observe a call option trade with bullish sentiment. It expires in 157 day(s) on February 21, 2025. Parties traded 987 contract(s) at a $1.50 strike. The total cost received by the writing party (or parties) was $31.5K, with a price of $32.0 per contract. There were 15123 open contracts at this strike prior to today, and today 1010 contract(s) were bought and sold. 
• Regarding RKLB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>), we observe a call option trade with neutral sentiment. It expires in 822 day(s) on December 18, 2026. Parties traded 199 contract(s) at a $12.00 strike. The total cost received by the writing party (or parties) was $46.7K, with a price of $235.0 per contract. There were 3726 open contracts at this strike prior to today, and today 340 contract(s) were bought and sold. 
• For SYM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYM#NASDAQ">SYM</a>), we notice a call option sweep that happens to be bearish, expiring in 157 day(s) on February 21, 2025. This event was a transfer of 100 contract(s) at a $15.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $114.0K, with a price of $1140.0 per contract. There were 106 open contracts at this strike prior to today, and today 300 contract(s) were bought and sold. 
• For GEV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>), we notice a call option trade that happens to be bullish, expiring in 122 day(s) on January 17, 2025. This event was a transfer of 49 contract(s) at a $250.00 strike. The total cost received by the writing party (or parties) was $110.2K, with a price of $2250.0 per contract. There were 219 open contracts at this strike prior to today, and today 108 contract(s) were bought and sold. 
• Regarding LYFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>), we observe a call option sweep with bullish sentiment. It expires in 486 day(s) on January 16, 2026. Parties traded 48 contract(s) at a $5.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $37.6K, with a price of $785.0 per contract. There were 330 open contracts at this strike prior to today, and today 89 contract(s) were bought and sold. 
• For LMT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), we notice a put option sweep that happens to be bearish, expiring in 59 day(s) on November 15, 2024. This event was a transfer of 63 contract(s) at a $565.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $102.0K, with a price of $1620.0 per contract. There were 180 open contracts at this strike prior to today, and today 78 contract(s) were bought and sold. 
• For GE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>), we notice a put option sweep that happens to be bearish, expiring in 122 day(s) on January 17, 2025. This event was a transfer of 25 contract(s) at a $195.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $50.1K, with a price of $2005.0 per contract. There were 6 open contracts at this strike prior to today, and today 46 contract(s) were bought and sold. 
• For GWW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWW#NYSE">GWW</a>), we notice a call option trade that happens to be bearish, expiring in 31 day(s) on October 18, 2024. This event was a transfer of 40 contract(s) at a $1060.00 strike. The total cost received by the writing party (or parties) was $32.4K, with a price of $810.0 per contract. There were 0 open contracts at this strike prior to today, and today 41 contract(s) were bought and sold. 
• Regarding FERG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FERG#NYSE">FERG</a>), we observe a call option sweep with bullish sentiment. It expires in 3 day(s) on September 20, 2024. Parties traded 20 contract(s) at a $180.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $53.7K, with a price of $2663.0 per contract. There were 3 open contracts at this strike prior to today, and today 20 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

CHPT

FERG

LYFT

RKLB

10 Industrials Stocks With Whale Alerts In Today's Session

L3Harris Technologies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lhx#NYSE">LHX</a>) announced that it has received a five-year contract, worth $587.4 million, to deliver custom tactical jamming pods designed to modernize the U.S. Navy&#39;s Aerial Electronic Attack capability.
<h2>Details of LHX&#39;s New Contract</h2>
The Next Generation Jammer-Low Band (NGJ-LB) is an advanced airborne electronic warfare system. The L3Harris solution will be simpler to maintain than the Navy&#39;s present system because of its modular, open-system architecture, which allows for seamless updates.
It also combines enhanced processing with greater jamming capability. The L3Harris system will work with combined and allied forces to offer expansion potential for future technological integration.
Over the course of the next five years, the company will provide more test assets for airworthiness and design verification, in addition to eight operational prototype pods for the U.S. Naval Air Systems Command to evaluate the fleet. The Navy intends to replace the outdated AN/ALQ-99 Tactical Jamming System, and the NGJ-LB pods will aid the initiative by flying on the EA-18G Growler.
<h2>Benefits of NGJ-LB</h2>
With high-power RF jamming, LHX&#39;s NGJ-LB pod transforms the Growler&#39;s capacity to carry out its main mission, Suppression of Enemy Air Defense, from standoff ranges. This results in improved lethality and scalability for upcoming technological advancements.
The NGJ-LB helps cover a broad spectrum of frequencies to serve diverse Department of Defense-wide electronic warfare demands.
The NGJ-LB reduces aircrew workload and cockpit distractions while increasing the number of simultaneous targets that aircrews can attack through high Equivalent, Isotropically Radiated Power and tailored waveforms. The cutting-edge technology of the NGJ-LB significantly improves availability and sustainment while eradicating existing system capability gaps.
<h2>Peer Prospects</h2>
Along with LHX, other defense companies like RTX Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rtx#NYSE">RTX</a>), Northrop Grumman (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/noc#NYSE">NOC</a>) and Lockheed Martin (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lmt#NYSE">LMT</a>) are also set to take advantage of the expanding EW market.
In August 2024, RTX won a contract involving its Next Generation Jammer Mid-Band (NGJ-MB) System. Valued at $27.7 million, the contract is expected to be completed by August 2026. Per the terms of the deal, RTX will be involved in the repair of several components used in the NGJ-MB System employed on the F/A-18 aircraft.
RTX&#39;s long-term (three to five-year) earnings growth rate is 10.42%. The Zacks Consensus Estimate for 2024 EPS indicates a year-over-year increase of 7.7%.
Northrop Grumman has been providing Naval Airborne EW solutions for more than 55 years and is the Airborne Electronic Attack System Integrator for the U.S. Navy warfighter. Some of its EW systems are the ALQ-251 radio frequency countermeasures system and the AN/APR-39 Radar Warning Receiver/Electronic Warfare Management System.
NOC&#39;s long-term earnings growth rate is 8.68%. The Zacks Consensus Estimate for 2024 EPS indicates a year-over-year increase of 7.9%.
LMT provides global ground EW solutions to U.S. forces, as well as partner nations, through a unique next-generation open architecture product platform and open business model.&nbsp; Its Advanced Off-Board EW program delivers persistent electronic surveillance and attack capability against naval threats like anti-ship missiles.
LMT&#39;s long-term earnings growth rate is 4.67%. The Zacks Consensus Estimate for 2024 sales indicates a year-over-year increase of 5.3%.
<h2>LHX&#39;s Stock Price Performance</h2>
In the past six months, shares of LHX have risen 9.9% compared with the industry&#39;s 2.8% growth.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/6b/78036.jpg?v=1862206655" />
Image Source: Zacks Investment Research
<h2>LHX&#39;s Zacks Rank</h2>
LHX currently carries a Zacks Rank #3 (Hold).
<a href="https://www.zacks.com/stock/news/2336989/l3harris-wins-587m-contract-for-next-generation-jammer-low-band?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2336989">To read this article on Zacks.com click here.</a>

Lockheed Martin Says Sikorsky Receives FAA Certification For Life Extension Of S-92A Main Gear Box Housing

Russia&#8217;s army will soon become the world&#8217;s <a href="https://understandingwar.org/backgrounder/russian-offensive-campaign-assessment-september-15-2024">second-largest army </a>behind China, leapfrogging the size of the U.S. and India armies.
President Vladimir Putin on Monday ordered the army&#8217;s size to be increased by 180,000 troops to 1.5 million active servicemen, a move that would take its overall size to 2.38 million people, Reuters reported.
This is the third time since the war with Ukraine began in February 2022 that Russia expanded the size of its army. This is happening as Russian forces advance in eastern Ukraine and try to expel Ukrainian forces from Russia&#8217;s Kursk region.
Andrei Kartapolov, chairman of Russia&#8217;s lower house of parliament&#8217;s defence committee, said the army expansion is part of a plan to revamp the armed forces and increase their size to match the international situation and behavior of &#8220;our former foreign partners.&#8221;
Read Also: <a href="https://www.benzinga.com/news/24/09/40851131/russian-president-says-ukraines-use-of-long-range-missiles-would-signal-that-us-and-nato-are-at-war">Russian President Says Ukraine&#8217;s Use Of Long-Range Missiles Would Signal That US And NATO &#8216;Are At War With Russia&#8217;</a>
Since 2022, Putin has boosted the number of combat troops by 137,000 and then 170,000.
Russia has also mobilized over 300,000 soldiers in September and October 2022 in an exercise that prompted tens of thousands of draft-age men to leave the country.
The Kremlin said it has no new mobilization planned for now and will keep relying on volunteers signing up to fight in Ukraine.
Adding more troops to its army will require Russia to boost its defense budget and possibly expand the draft size or change the law to allow more women to work in the military.
Price Action: Defense contractors trended upward on Monday.
<ul>
<li>RTX Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) gained 0.07% to $119.20</li>
<li>Northrop Grumman Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) rose 0.29% to $521.27</li>
<li>Lockheed Martin Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) edged up 0.54% to $572.92</li>
</ul>
Read Now:
<ul>
<li><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></li>
</ul>
Photo: Shutterstock

Ibrahim Kalin, head of Turkey&#8217;s National Intelligence Agency, met with representatives from the Palestinian militant group Hamas in Ankara, Turkey&#8217;s capital, to discuss the negotiations <a href="https://www.benzinga.com/news/global/24/08/40608668/nine-palestinians-killed-as-israeli-forces-press-into-west-bank">for a cease-fire</a> in Gaza, according to media reports.
 Kalin met with a delegation from the Hamas political bureau leadership, Turkish news channel TRT Haber said, citing Turkish security sources, Reuters reported.
Turkey denounced Israel&#8217;s assault on Gaza. Turkey&#8217;s intelligence agency has been in contact with those involved in the conflict — Hamas, Israel, Qatar and the U.S. — as it carries out intensive diplomacy for a ceasefire in Gaza, TRT Haber said.
The war between Israel and Hamas began Oct. 7, 2023, when Hamas attacked Israel, killing 1,200 people and taking about 250 hostages, according to Israeli tallies.
Read Also: <a href="https://www.benzinga.com/government/24/03/37464565/gaza-cease-fire-by-ramadan-hopes-fade-biden-sends-special-envoy-to-lebanon">Gaza Cease-Fire By Ramadan Hopes Fade: Biden Sends Special Envoy To Lebanon</a>
Israel&#8217;s subsequent assault on Gaza has killed more than 41,000 Palestinians, according to its health ministry.
International mediators last week completed a new proposal aimed at forming a<a href="https://www.benzinga.com/news/24/09/40673642/israel-rocked-by-protesters-call-for-immediate-ceasefire-after-hostage-deaths" target="_blank" rel="noreferrer noopener">&nbsp;cease-fire deal&nbsp;</a>between Israel and Hamas as Israel's Prime Minister&nbsp;Benjamin Netanyahu&nbsp;refuses to cede control of Gaza's border with Egypt.
Israel's military and Hamas temporarily paused fighting <a href="https://www.benzinga.com/government/24/08/40639831/israel-hamas-to-pause-fighting-in-gaza-so-that-640-000-children-can-get-vaccinated-official">in the Gaza Strip</a> for three days a couple of weeks ago to allow about 640,000 children to get vaccinated against polio.
Price Action: Aerospace and defense stocks saw gains and losses on Friday as talks to end the fight take place.
<ul>
<li>Lockheed Martin Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) edged up 0.29% to close at $569.91</li>
<li>Boeing Co&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) slipped 3.69% to end the trading day at $156.77</li>
<li>Northrup Grumman&nbsp;Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) gained 0.24% to close at $519.78</li>
</ul>
Oil stocks traded up:
<ul>
<li>BP p.l.c.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>) gained 0.82% to close at $31.84</li>
<li>Equinor ASA&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQNR#NYSE">EQNR</a>) rose 1.05% to close at $25.09</li>
<li>Suncor Energy Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SU#NYSE">SU</a>) went up 0.41% to finish the trading day at $36.44</li>
</ul>
Read Now: • <a href="https://www.benzinga.com/markets/asia/24/02/37081429/international-criminal-court-raises-alarm-over-israeli-rafah-operations-urges-justice-for-war-crimes">International Criminal Court Raises Alarm Over Israeli Rafah Operations, Urges Justice For War Crimes</a>
Photo: Shutterstock

Turkey's Spy Chief Meets With Hamas To Discuss Cease-Fire In Gaza: Reports

Kratos Defense &amp; Security Solutions, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ktos#NASDAQ">KTOS</a>) recently announced that its unit, Technical Directions, Inc. (&quot;TDI&quot;), now offers four classes of its low-cost, high-performance turbojet engines ranging from 30 to 200 pounds of thrust with immediate availability.
The TDI-J45 30 lb thrust, TDI-J5 75 lb thrust, TDI-J7 100 lb thrust and TDI-J85 200 lb thrust are the four classes of TDI&#39;s turbojet engines that are currently offered. The turbojet engines are suitable for deployment in cruise missiles, loitering munitions systems and other vital defense systems.
<h2>About Kratos&#39; Unmanned Systems Division</h2>
Part of Kratos Defense, Kratos Unmanned Systems Division is a company that develops cutting-edge unmanned systems and technology for a range of defense and security applications. It delivers state-of-the-art solutions in fields like unmanned aerial systems (UAS), unmanned ground vehicles (UGV) and unmanned maritime systems.
The division provides a variety of unmanned systems for both military and commercial use, including robotic systems, autonomous platforms and high-performance drones. Their products enhance operational effectiveness and safety while reducing costs. The division makes investments in research and development to maintain its leadership position in unmanned technology. This involves working on next-generation systems and exploring new applications to meet evolving needs in defense and security.
<h2>What Lies Ahead for KTOS?</h2>
Against the backdrop of the heightening geopolitical uncertainties around the world, several countries have been strengthening their defense arsenal. The demand for military weapons, especially missiles, has increased in the defense industry, with defense players developing new and advanced missiles to meet the rising demand.
The Grand View Research firm projects the global missile market to witness a CAGR of 7.4% over the 2024-2030 period. Growth potential in the missile market should bode well for Kratos Defense, which has a handful of combat-proven missiles in its product portfolio, like Patriot, AN/TPY-2 THAAD, TPQ-53, TPS-77, TPS-78 and SBIRS.
<h2>Opportunities for KTOS&#39; Peers</h2>
Considering the solid growth opportunities offered by the global missile market, other defense primes like Lockheed Martin (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lmt#NYSE">LMT</a>), RTX Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rtx#NYSE">RTX</a>) and Northrop Grumman (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/noc#NYSE">NOC</a>), with a strong presence in this space, should benefit.
Lockheed Martin offers a variety of combat-proven missiles like AGM-158 XR Cruise Missiles, the GMLRS go-to guided missile and ATACMS Advanced Military Rocket Technology, a leading-edge military rocket solution designed for precision and effectiveness in military operations.
LMT boasts a long-term (three to five years) earnings growth rate of 4.7%. The Zacks Consensus Estimate for LMT&#39;s 2024 sales implies an improvement of 5.3% from the previous year&#39;s level.
RTX Corporation is one of the biggest suppliers of combat missiles for the U.S. Army. Its product portfolio includes SM-6 Missile, Tomahawk Cruise Missile, AIM-9X SIDEWINDER Missile, Naval Strike Missile and many more.
RTX boasts a long-term earnings growth rate of 10.4%. The Zacks Consensus Estimate for the company&#39;s 2024 sales indicates year-over-year growth of 7%.
Northrop Grumman manufactures high-speed, long-range strike weapons with deadly capabilities at standoff range. Its portfolio of missiles includes Advanced Anti-Radiation Guided Missile Extended Range, Advanced Anti-Radiation Guided Missile, Advanced Reactive Strike and Stand-In Attack Weapon Missile.
NOC boasts a long-term earnings growth rate of 8.7%. The Zacks Consensus Estimate for the company&#39;s 2024 sales suggests year-over-year growth of 5.4%.
<h2>KTOS Stock Outperforms Industry</h2>
In the past six months, shares of Kratos Defense have risen 26.5% compared with the industry&#39;s average return of 16.7%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/ed/77724.jpg?v=1867580753" />
Image Source: Zacks Investment Research
<h2>KTOS&#39; Zacks Rank</h2>
Kratos Defense currently carries a Zacks Rank #3 (Hold).
<a href="https://www.zacks.com/stock/news/2335972/kratos-defense-provides-four-classes-of-affordable-turbojet-engines?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2335972">To read this article on Zacks.com click here.</a>

Mid Cap

KTOS

Kratos Defense Provides Four Classes of Affordable Turbojet Engines

U.S. State Department Approves Potential $7.2B Sale Of F-35 Aircraft To Romania

The United Arab Emirates (UAE) is reportedly set to reignite a multi-billion dollar deal with the U.S. for F-35 warplanes and armed drones if Donald Trump secures a second term as president, according to insiders.
What Happened: The UAE has long desired the advanced fighter jet equipped with stealth technology that allows it to evade enemy detection. The U.S. approval of the transfer would make the UAE the second Middle East state after Israel to operate F-35 fighters, Reuters reported on Friday. 
Trump had approved the $23 billion deal, which included MQ-9 Reaper drones and munitions, after the UAE established ties with Israel in 2020 under an accord brokered by his administration. However, the UAE suspended talks by the end of 2021, unable to agree terms with the Biden administration.
Three sources stated that if Trump was re-elected, the UAE would seek to resume talks, asking a new Trump administration to fulfil the original agreement. One of the sources said the UAE would ask a new Trump administration to &#8220;honour&#8221; the 2021 deal.
See Also: <a href="https://www.benzinga.com/news/24/09/40807096/melania-trump-says-the-attempt-to-end-her-husbands-life-was-a-horrible-distressing-experience-we-nee?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Melania Trump Says The Attempt To End Her Husband&#8217;s Life Was A &#8216;Horrible, Distressing Experience&#8217;: We Need To Uncover The Truth</a>
The UAE is one of Washington&#8217;s most important security partners in the Middle East. Its military has fought alongside the U.S. in several campaigns, including the war in Afghanistan, and American soldiers are stationed in Abu Dhabi.
Trump&#8217;s campaign&#8217;s national press secretary Karoline Leavitt said in a statement that a second Trump presidency would &#8220;once again deliver peace through strength to rebuild and expand the peace coalition he built in his first term to create long-term safety and security in the Middle East and around the world.&#8221;
Why It Matters: The F-35 deal has been a point of contention between the U.S. and UAE. In 2021, the Biden administration had urged the <a href="https://www.benzinga.com/news/21/06/21532782/us-urges-uae-to-replace-adversary-huawei-triggering-doubts-on-lockheed-martins-f-35-jet-drone-sales">UAE to replace Huawei Technologies Co </a>from its telecommunications network, which further jeopardized UAE&#8217;s purchase of $23 billion in Lockheed Martin Corp&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) F-35 jets and drones.
The U.S. requested the UAE to remove Huawei equipment from its networks within the next four years before the F-35&#8217;s proposed delivery in 2026 or 2027. However, the UAE officials said they need more time and sought an affordable alternative.
Read Next:
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<li><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></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>

Politics

General

UAE Plans To Reportedly Push Trump On F-35 Deal If He Returns To White House

Lockheed Martin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) has outperformed the market over the past 10 years by 1.46% on an annualized basis producing an average annual return of 12.23%. Currently, Lockheed Martin has a market capitalization of $135.23 billion. 
Buying $1000 In LMT: If an investor had bought $1000 of LMT stock 10 years ago, it would be worth $3,199.86 today based on a price of $567.36 for LMT at the time of writing.
<h3>Lockheed Martin's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726169470_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In Lockheed Martin 10 Years Ago Would Be Worth This Much Today

RTX Corp.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rtx#NYSE">RTX</a>) business segment, Pratt &amp; Whitney, recently clinched a modification contract for the F-35 fighter jet&#39;s propulsion system. The award has been offered by the Naval Air Systems Command, Patuxent River, MD.
<h2>Details of the Deal</h2>
Valued at $111.9 million, the contract is projected to be completed by December 2026. Per the terms of the deal, RTX will offer continued technical engineering, flight test support, special tooling, test equipment repair, as well as flight test spare and repair parts for the F-35 Lightning II Propulsion System Block Four Flight Test Program.
The contract will serve the U.S. Navy, Marine Corps, Air Force and F-35 Cooperative Program Partners. Work related to this deal will be carried out in East Hartford, CT; Edwards Air Force Base, CA; and Patuxent River, MD.
<h2>What&#39;s Favoring RTX Stock?</h2>
As countries ramp up their defense purchases to strengthen their aerial combat readiness, the demand for fighter jets has surged over the past decade. Consequently, the demand for jet engines, particularly those powering advanced fighter jets, is also gaining traction. &nbsp;
The F-35 fighter jet, built by the United States&#39; largest defense contractor, Lockheed Martin (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lmt#NYSE">LMT</a>), plays a key role in many nations&#39; air defense systems. Resultantly, RTX, through its Pratt &amp; Whitney division, which manufactures the F135 engines for the F-35 aircraft, enjoys a steady influx of orders from the U.S. Army and international partners. The latest contract win is a bright example of that.&nbsp;
Notably, LMT&#39;s F-35 program continues to enhance its market reach across the globe, which, in turn, sets the stage for RTX to win more contracts involving the production of the F135 engine and other associated spare parts. Evidently, in July 2024, the Greek government finalized its intention to procure 20 of Lockheed&#39;s F-35 Lightning II aircraft, with an option to obtain another 20. No doubt such orders confirm the integration of RTX-made engines and other related parts in these jets, which, in turn, boosts the company&#39;s revenue growth prospects.
<h2>Will RTX Stock Gain in the Future?</h2>
The U.S. government&#39;s current inventory target consists of 2,456 F-35 aircraft for the U.S. Air Force, Marine Corps and Navy. Moreover, as geopolitical tensions across the globe have prompted a larger number of nations to invest more in strengthening their defense capabilities, the prospects for F-35 outside the United States also remain bright.&nbsp;
Notably, by the 2030s, more than 600 F-35s are anticipated to work together from more than 10 European countries.&nbsp;
Such growth projections for the F-35 fleet across the globe should usher in more order flows for Pratt &amp; Whitney, which, in turn, should provide a substantial boost to RTX&#39;s revenues.
<h2>Opportunities for RTX&#39;s Peers</h2>
Apart from Lockheed and RTX, defense majors that stand to benefit from the expanding F-35 fleet have been discussed below.
Northrop Grumman (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/noc#NYSE">NOC</a>): The company is part of the international partnership involved in building three variants of the F-35 jet. It is engaged in the design and production of the AN/ASQ-242 Communications, Navigation and Identification avionics suite, which can be dynamically programmed to arm the F-35 pilot with multiple-mission capabilities, engineered for seamless transition from one mission phase to the next.
Northrop boasts a (three-to-five years) long-term earnings growth rate of 8.7%. The consensus estimate for NOC&#39;s 2024 sales implies an improvement of 5.4% from the 2023 reported figure.
BAE Systems (OTC: <a class="ticker" href="https://www.benzinga.com/stock/baesy#OTC">BAESY</a>): This defense major&#39;s short takeoff and vertical landing experience, along with air systems sustainment, supports F-35&#39;s combat capabilities. The company provides an electronic warfare suite for F-35 that includes fully integrated radar warning (targeting support and self-protection) to detect and defeat surface and airborne threats.
BAE Systems boasts a long-term earnings growth rate of 12.4%. The Zacks Consensus Estimate for BAESY&#39;s 2024 sales implies an improvement of 36.3% from the 2023 reported figure.
<h2>Price Performance</h2>
In the past year, shares of RTX have rallied 57.6% compared with the industry&#39;s 3.5% growth.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/cf/77122.jpg?v=865311781" />
Image Source: Zacks Investment Research
<h2>Zacks Rank</h2>
RTX currently has a Zacks Rank #3 (Hold).
<a href="https://www.zacks.com/stock/news/2334044/rtx-wins-112m-contract-to-support-f-35-jet-s-propulsion-system?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2334044">To read this article on Zacks.com click here.</a>

BAESY

RTX Wins $112M Contract to Support F-35 Jet's Propulsion System

Lockheed Martin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) and Tata Advanced Systems Limited have signed a teaming agreement to strengthen their partnership through the<a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/n40786346/lockheed-martin-and-tata-advanced-systems-announce-agreement-to-expand-c-130j-super-hercules-oppor" rel="noreferrer noopener"> C-130J Super Hercules tactical airlifter</a>.
This move boosts India&#8217;s defense and aerospace capabilities while deepening India-U.S. strategic relations.
This agreement outlines plans to establish an MRO facility in India to support the Indian Air Force&#8217;s 12 C-130Js and other global Super Hercules fleets.
It also includes expanding C-130J manufacturing and assembly in India for the Indian Air Force&#8217;s (IAF) Medium Transport Aircraft (MTA) program, pending U.S. and Indian government approvals.
Lockheed Martin will maintain C-130J production for the U.S. government and global operators at its existing Marietta, Georgia facility.
The additional production and assembly capacity will be established in India if Lockheed Martin is awarded the MTA contract.
The IAF is seeking up to 80 medium transport aircraft and issued an RFI last year. Lockheed Martin responded with the C-130J-30 Super Hercules, which it believes fits the requirements.
Sukaran Singh, chief executive officer and managing director of Tata Advanced Systems, said, &#8220;The current announcement is also significant as it marks the entry of Tata Advanced Systems into the defence MRO space in&nbsp;India&nbsp;for large aircraft platforms. This also helps towards a deeper relationship between the two companies, adding to the aerostructure work by Tata Advanced Systems for Lockheed Martin platforms.&#8221;
Rod McLean, vice president and general manager of the Air Mobility and Maritime Missions line of business at Lockheed Martin, said, &#8220;The C-130J is known as the world&#8217;s workhorse, not just for its large global presence, but also for its international supply chain partners including the single source provider of empennages — Tata Lockheed Martin Aerostructures Limited in&nbsp;Hyderabad.&#8221;
&#8220;This teaming agreement between Lockheed Martin and Tata Advanced Systems further demonstrates Lockheed Martin&#8217;s commitment to a self-reliant&nbsp;India&nbsp;and the degree of confidence that exists in our relationships with our partners in&nbsp;India&nbsp;and the Indian industry at large.&#8221;
In August, Lockheed resumed deliveries of the F-35 jets to the U.S. military after a months-long pause, but the U.S. government is withholding the final $5 million payment per jet until a long-delayed technology upgrade, known as Technology <a target="_blank" href="https://www.benzinga.com/government/24/08/40652646/lockheed-martin-resumes-delivery-of-f-35-jets-but-us-government-to-withhold-some-payment-putting-pro" rel="noreferrer noopener">Refresh 3 (TR-3),&nbsp;is fully implemented</a>.
Investors can gain exposure to the stock via&nbsp;Global X Funds Global X Defense Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHLD#NYSE">SHLD</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: LMT shares are down 0.19% at $575.49 at the last check Tuesday.
Image via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/general/politics/24/09/40717522/mediators-seek-to-wrap-up-cease-fire-proposal-as-netanyahu-holds-onto-gazas-border-with-egypt" target="_blank" rel="noreferrer noopener">Mediators Seek To Wrap Up Cease-Fire Proposal As Netanyahu Holds Onto Gaza&#8217;s Border With Egypt</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

MISL

SHLD

Lockheed Martin, Tata Expand C-130J Partnership To Boost India's Defense Capabilities

This story was first published on the&nbsp;<a href="https://in.benzinga.com/content/38782803/apples-iphone-exports-from-india-nearly-double-sights-set-at-1-lakh-cr-for-fy25" target="_blank">Benzinga India portal.</a>
U.S. defense manufacturing giant&nbsp;Lockheed Martin&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lmt#NYSE">LMT</a>) and&nbsp;Tata Advanced Systems&nbsp;have agreed to work on a tactical military aircraft together in India.
What Happened: The two entities have decided to broaden their business relationship to manufacture and assemble the C-130J Super Hercules tactical airlifter, according to a joint press release. This strategic move is anticipated to not only improve India&#39;s defense and aerospace capabilities but also strengthen India-US strategic ties.
The agreement lays the groundwork for potential future business opportunities, including the creation of additional production and assembly capacity in India, provided Lockheed Martin secures the medium transport aircraft (MTA) contract.
If you&rsquo;d like to stay ahead&nbsp;of the curve on the Indian market, sign up for our Ring The Bell newsletter by&nbsp;<a href="https://share.hsforms.com/1K1H7Kd0aRhmSdDIuxTAkxg1npzh" rel="noopener noreferrer" target="_blank">clicking here</a>.
&quot;Collaborating with Lockheed Martin on the C-130J platform proposition for IAF&#39;s (Indian Air Force&#39;s) MTA project is a milestone for Tata Advanced Systems,&quot; said Sukaran Singh, the CEO and managing director of Tata Advanced Systems.&nbsp;
This announcement also marks Tata Advanced Systems&#39; foray into the defense maintenance, repair and overhaul space in India for large aircraft platforms.
The Indian Air Force is actively looking to procure up to 80 medium transport aircraft and issued a request for information last year. Lockheed Martin responded to the RFI as its C-130J Super Hercules aircraft is ideally suited to meet the requirements.
Lockheed Martin and Tata Advanced Systems have a long-standing partnership through the Tata Lockheed Martin Aerostructures joint venture, which aligns closely with the Indian government&#39;s &quot;Make in India&quot; objectives.
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/09/40785446/apple-in-talks-with-micron-tata-group-to-secure-india-made-chips-for-locally-made-iphones">Apple In Talks With Micron, Tata Group To Secure India-Made Chips For Locally Made iPhones</a>
Disclaimer: Artificial intelligence was used as a secondary aid in the writing of this story.

Media

Lockheed Martin, Tata Advanced Systems Join Forces To Manufacture Military Aircraft In India

Lockheed Martin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) and Tata Advanced Systems Limited have entered into a teaming agreement to expand upon the companies' business relationship through the C-130J Super Hercules tactical airlifter. This announcement marks a significant step in enhancing India's defence and aerospace capabilities while also deepening India-U.S. strategic ties.
&nbsp;
This agreement provides a framework for collaboration on future potential business opportunities to include:
<ul>
<li>Establishing a Maintenance, Repair and Overhaul (MRO) facility in India to support the Indian Air Force's (IAF) existing fleet of 12 C-130Js as well as other global Super Hercules fleets;</li>
<li>Expanding C-130J manufacturing and assembly in India to produce aircraft for the IAF's Medium Transport Aircraft (MTA) program, subject to U.S. and Indian government approvals.</li>
</ul>
Lockheed Martin will continue to build C-130Js for the U.S. government and other global operators at the existing Super Hercules production facility in&nbsp;Marietta, Georgia, USA. Lockheed Martin will establish additional production and assembly capacity in India if awarded the MTA contract.

Regulations

Lockheed Martin Teams Up with Tata to Boost India's Defense with C-130J Airlifter Production

The Egyptian Armed Forces announced today at the Egypt International Air Show that Lockheed Martin (NYSE:&nbsp;LMT) will deliver two C-130J-30 Super Hercules tactical airlifters to the Egyptian Air Force (EAF) through a Foreign Military Sale (FMS) with the U.S. Air Force. Egypt is the 23rd nation to join the worldwide Super Hercules operating community.
 &nbsp;

Lockheed Martin Will Deliver Two C-130J-30 Super Hercules Tactical Airlifters To The Egyptian Air Force Through A Foreign Military Sale With The U.S. Air Force

International mediators are completing a new proposal aimed at forming a<a href="https://www.benzinga.com/news/24/09/40673642/israel-rocked-by-protesters-call-for-immediate-ceasefire-after-hostage-deaths"> cease-fire deal </a>between Israel and Hamas as Israel&#8217;s Prime Minister Benjamin Netanyahu refuses to cede control of Gaza&#8217;s border with Egypt.
Qatar and Egypt have submitted revisions to the proposal document that U.S. officials are discussing. 
David Barnea, director of Israeli intelligence service Mossad, was in the Qatar capital of Doha to discuss the revised document, the New York Times <a href="https://www.nytimes.com/2024/09/04/world/middleeast/israel-hamas-gaza-ceasefire.html">reported</a> Wednesday. 
U.S. officials said they expect to finish the final proposal with Egyptian and Qatari negotiators on Wednesday or Thursday.
Israeli officials and Hamas leaders are pessimistic over the prospects for an agreement despite rising outrage in Israel over the remaining hostages still held in Gaza, the Times said. 
On Monday, Netanyahu repeated&nbsp;his persistent demand that Israel must control the Gazan side of the border with Egypt, called the Philadelphi Corridor, to deter Hamas from rearming its forces by smuggling armaments across the border.
Read Also: <a href="https://www.benzinga.com/government/24/08/40639831/israel-hamas-to-pause-fighting-in-gaza-so-that-640-000-children-can-get-vaccinated-official">Israel, Hamas To Pause Fighting In Gaza So That 640,000 Children Can Get Vaccinated: Official</a>
Hamas has demanded that Israel leave the border area completely as a condition for a permanent cease-fire.
In his speech on Monday, Netanyahu referred to Israeli forces along the border between Gaza and Egypt as an existential issue that would engage the country "for the foreseeable future." 
Many Israelis have blamed Netanyahu for failing to bring six Hamas-held hostages back alive and accused him of avoiding a cease-fire deal with Hamas to cater to his far-right coalition allies. 
Hundreds of thousands of Israelis held mass protests in the streets or held a general strike for several hours while demanding a case-fire agreement with Hamas. 
Hamas has released videos from dead Israeli hostages in a practice that Israeli officials consider &#8220;psychological terrorism&#8221; in Gaza, which the Times reported holds about 60 living Israeli hostages and the dead bodies of 35 other Israelis.
For months, mediators from Egypt, Qatar and the United States have tried to facilitate a deal between Hamas and Israel to end the war in Gaza and free the hostages, but high-level talks last month in Cairo and in Doha failed to do that.
Price Action: Aerospace and defense stocks saw gains and losses into Wednesday&#8217;s midafternoon trading as U.S. officials discuss the cease-fire proposal.
<ul>
<li>Lockheed Martin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) gained 1% to $572.87.</li>
<li>The Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) went up 1.75% to $163.83.</li>
<li>Northrupp Grumman (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) slipped 0.30% to $521.13.</li>
</ul>
Oil stocks traded down.
<ul>
<li>BP p.l.c. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>) declined 0.93% to $32.56</li>
<li>Equinor ASA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQNR#NYSE">EQNR</a>) fell 0.53% to $25.45.</li>
<li>Suncor Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SU#NYSE">SU</a>) went down 0.24% to $39.22</li>
</ul>
Read Next:
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<li><a href="https://www.benzinga.com/news/24/08/40149966/israel-strikes-gaza-hospital-amid-concerns-of-wider-war">Israel Strikes Gaza Hospital Amid Concerns Of Wider War</a></li>
</ul>
Photo via Shutterstock.

Mediators Seek To Wrap Up Cease-Fire Proposal As Netanyahu Holds Onto Gaza's Border With Egypt

Looking for broad exposure to the Large Cap Value segment of the US equity market? You should consider the First Trust Value Line Dividend ETF (ARCA:FVD), a passively managed exchange traded fund launched on 08/19/2003.
The fund is sponsored by First Trust Advisors. It has amassed assets over $9.72 billion, making it one of the larger ETFs attempting to match the Large Cap Value segment of the US equity market.
<h2>Why Large Cap Value</h2>
Large cap companies typically have a market capitalization above $10 billion. They tend to be stable companies with predictable cash flows and are usually less volatile than mid and small cap companies.
Carrying lower than average price-to-earnings and price-to-book ratios, value stocks also have lower than average sales and earnings growth rates. When you look at long-term performance, value stocks have outperformed growth stocks in nearly all markets. But in strong bull markets, growth stocks are more likely to be winners.
<h2>Costs</h2>
Expense ratios are an important factor in the return of an ETF and in the long term, cheaper funds can significantly outperform their more expensive counterparts, other things remaining the same.
Annual operating expenses for this ETF are 0.60%, making it one of the most expensive products in the space.
It has a 12-month trailing dividend yield of 2.12%.
<h2>Sector Exposure and Top Holdings</h2>
Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation to the Industrials sector--about 19.50% of the portfolio. Utilities and Consumer Staples round out the top three.
Looking at individual holdings, Kellanova (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/k#NYSE">K</a>) accounts for about 0.62% of total assets, followed by Erie Indemnity Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/erie#NASDAQ">ERIE</a>) and Lockheed Martin Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lmt#NYSE">LMT</a>).
The top 10 holdings account for about 5.55% of total assets under management.
<h2>Performance and Risk</h2>
FVD seeks to match the performance of the Value Line Dividend Index before fees and expenses. The Value Line Dividend Index is a modified equal dollar weighted index comprised of U.S. exchange listed securities of companies that pay above-average dividends and have potential for capital appreciation.
The ETF has added about 11.07% so far this year and is up about 16.28% in the last one year (as of 09/04/2024). In the past 52-week period, it has traded between $36.09 and $44.80.
The ETF has a beta of 0.79 and standard deviation of 13.51% for the trailing three-year period, making it a medium risk choice in the space. With about 208 holdings, it effectively diversifies company-specific risk.
<h2>Alternatives</h2>
First Trust Value Line Dividend ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, FVD is a reasonable option for those seeking exposure to the Style Box - Large Cap Value area of the market. Investors might also want to consider some other ETF options in the space.
The Schwab U.S. Dividend Equity ETF (ARCA:SCHD) and the Vanguard Value ETF (ARCA:VTV) track a similar index. While Schwab U.S. Dividend Equity ETF has $59.94 billion in assets, Vanguard Value ETF has $123.92 billion. SCHD has an expense ratio of 0.06% and VTV charges 0.04%.
<h2>Bottom-Line</h2>
An increasingly popular option among retail and institutional investors, passively managed ETFs offer low costs, transparency, flexibility, and tax efficiency; they are also excellent vehicles for long term investors.
<a href="https://www.zacks.com/stock/news/2331114/should-first-trust-value-line-dividend-etf-fvd-be-on-your-investing-radar?cid=CS-BENZ-FT-style_box_etf-2331114">To read this article on Zacks.com click here.</a>

Sector ETFs

ETFs

ERIE

First Trust Value Line Dividend Index Fund ETF

SCHD

Should First Trust Value Line Dividend ETF Be on Your Investing Radar?

The billionaire space race between Jeff Bezos and Elon Musk <a href="https://www.benzinga.com/news/21/01/19359137/elon-musk-vs-jeff-bezos-worlds-2-richest-people-in-battle-over-satellites">is intensifying.</a>
What Happened: Project Kuiper, a satellite internet constellation initiative from Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), <a href="https://www.benzinga.com/government/24/08/40623220/amazon-moves-forward-with-satellite-internet-ambitions-secures-new-zealand-land-for-project-kuiper">secured eight licenses</a> and bought land in New Zealand.
The decision, <a href="https://www.nzherald.co.nz/business/amazons-project-kuiper-a-rival-to-elon-musks-starlink-buys-land-in-nz-secures-eight-licences/M6OBZE6BMFBRDFTUWTUGQ5CNAA/">reported </a>by the New Zealand Herald, coincides with Musk's SpaceX satellite service — Starlink — growing its customer base in New Zealand from 12,000 to 37,000 in 2023.
"The applicant will install and operate telecommunications equipment on the land. The equipment will be used to provide broadband services to customers in New Zealand,&#8221; a decision summary from the Overseas Investment Office reads.
Project Kuiper&#8217;s satellites can provide broadband access to many regions, but need ground stations, like the ones obtained in New Zealand to operate.
Plans call for Project Kuiper to have more than 3,000 satellites in orbit. Rival Starlink has more than 6,000 satellites in operation and has a significant head start with its first commercial operations dating back to 2019.
Project Kuiper is expected to launch its production satellites in the fourth quarter of 2024 with commercial broadband service launching later in 2025.
Did You Know?
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<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent090324">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: The Project Kuiper deal has also led to speculation that Amazon could potentially work with Rocket Lab (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>), which is based in New Zealand and a SpaceX competitor.
Amazon, which Bezos founded in 1994, is also working with United Launch Alliance, a company owned by Boeing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) and Lockheed Martin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) on launch vehicles to get its satellite constellation into low Earth orbit.
Bezos went on to launch aerospace company Blue Origin in 2000. 
Project Kuiper's latest news comes as Blue Origin accelerates its own space initiatives. The company's New Glenn-1 launch vehicle is<a href="https://www.benzinga.com/news/24/08/40571537/jeff-bezos-blue-origin-eyes-october-launch-for-new-glenn-rocket-carrying-nasas-escapade-mission-to-m"> expected to launch</a> Oct. 13 or later as part of a mission with NASA to Mars.
New Glenn is a reusable heavy-lift rocket that will put Blue Origin into deeper competition against SpaceX.
While Blue Origin and Project Kuiper are behind SpaceX and Starlink respectively, the latest news cycle shows that the battle between Musk and Bezos for the space sector could soon be heating up.
The rivalry has led to lawsuits and callouts in the past and could amplify as milestones are reached in the future.
Bezos<a href="https://www.benzinga.com/news/21/07/21849808/jeff-bezos-is-officially-no-longer-the-amazon-ceo"> stepped down from Amazon</a> several years ago and in recent months has taken a more active role with Blue Origin. This move could signal a bigger focus on the space company as his attention has shifted away from Amazon.
Bezos recently gave a tour of the New Glenn factory with Everyday Astronaut, a well-known space sector website and social media account.
The billionaire becoming more involved with Blue Origin could signal the importance of upcoming projects and also come as Bezos looks to ramp up his rivalry with Musk. 
Check This Out:
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<li>Lawmakers Made Huge Investments This Year. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent090324">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
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