Bulletin
Investor Alert

Market Pulse Archives

Aug. 9, 2017, 3:03 p.m. EDT

Defense companies rise on North Korea uncertainty

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Kratos Defense & Security Solutions Inc. (KTOS)
  • X
    Lockheed Martin Corp. (LMT)

or Cancel Already have a watchlist? Log In

By Ryan Vlastelica

Shares of defense and aerospace companies rose on Wednesday, as geopolitical tensions between the United States and North Korea appeared to escalate, with President Donald Trump threatening "fire and fury like the world has never seen" if the country continues to threaten the U.S. Raytheon Co. rose 2.6% while Kratos Defense & Security Solutions Inc. /zigman2/quotes/201233073/composite KTOS 0.00% spiked 5%. Lockheed Martin Corp. /zigman2/quotes/200691238/composite LMT +0.69% added 1.5% on the day while General Dynamics Corp. /zigman2/quotes/208560027/composite GD +1.46% was up 1.1%. The broader iShares U.S. Aerospace & Defense ETF /zigman2/quotes/207320401/composite ITA +0.53% was essentially flat on the day, however, down 0.1%, as weakness in prominent aerospace companies offset the defense rally. Boeing Co. /zigman2/quotes/208579720/composite BA +0.40% lost 1.2%, while small-cap component Wesco Aircraft Holdings Inc. tumbled 27%. Axon Enterprise Inc. /zigman2/quotes/208329414/composite AAXN -4.70% shed 13%.

/zigman2/quotes/201233073/composite
US : U.S.: Nasdaq
$ 19.29
0.00 0.00%
Volume: 1.24M
Aug. 11, 2020 4:00p
P/E Ratio
462.59
Dividend Yield
N/A
Market Cap
$2.37 billion
Rev. per Employee
$237,692
loading...
/zigman2/quotes/200691238/composite
US : U.S.: NYSE
$ 391.96
+2.70 +0.69%
Volume: 1.31M
Aug. 11, 2020 4:03p
P/E Ratio
17.18
Dividend Yield
2.45%
Market Cap
$108.81 billion
Rev. per Employee
$512,019
loading...
/zigman2/quotes/208560027/composite
US : U.S.: NYSE
$ 158.85
+2.29 +1.46%
Volume: 1.79M
Aug. 11, 2020 4:00p
P/E Ratio
14.11
Dividend Yield
2.77%
Market Cap
$44.92 billion
Rev. per Employee
$342,737
loading...
/zigman2/quotes/207320401/composite
US : U.S.: Cboe BZX
$ 172.14
+0.91 +0.53%
Volume: 292,601
Aug. 11, 2020 4:00p
loading...
/zigman2/quotes/208579720/composite
US : U.S.: NYSE
$ 180.13
+0.72 +0.40%
Volume: 61.04M
Aug. 11, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$101.27 billion
Rev. per Employee
$660,961
loading...
/zigman2/quotes/208329414/composite
US : U.S.: Nasdaq
$ 79.23
-3.91 -4.70%
Volume: 940,502
Aug. 11, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$5.28 billion
Rev. per Employee
$303,079
loading...

This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.