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

Defense companies rise on North Korea uncertainty

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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. /zigman2/quotes/203226062/composite RTN -0.42% rose 2.6% while Kratos Defense & Security Solutions Inc. /zigman2/quotes/201233073/composite KTOS +1.23% spiked 5%. Lockheed Martin Corp. /zigman2/quotes/200691238/composite LMT -0.0094% added 1.5% on the day while General Dynamics Corp. /zigman2/quotes/208560027/composite GD -0.28% was up 1.1%. The broader iShares U.S. Aerospace & Defense ETF /zigman2/quotes/207320401/composite ITA -0.56% 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 -2.36% lost 1.2%, while small-cap component Wesco Aircraft Holdings Inc. tumbled 27%. Axon Enterprise Inc. /zigman2/quotes/208329414/composite AAXN -2.15% shed 13%.

/zigman2/quotes/203226062/composite
US : U.S.: NYSE
$ 231.34
-0.97 -0.42%
Volume: 1.88M
Jan. 17, 2020 6:30p
P/E Ratio
19.79
Dividend Yield
1.63%
Market Cap
$64.42 billion
Rev. per Employee
$403,851
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/zigman2/quotes/201233073/composite
US : U.S.: Nasdaq
$ 19.74
+0.24 +1.23%
Volume: 974,264
Jan. 17, 2020 4:00p
P/E Ratio
150.46
Dividend Yield
N/A
Market Cap
$2.10 billion
Rev. per Employee
$237,692
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/zigman2/quotes/200691238/composite
US : U.S.: NYSE
$ 425.66
-0.04 -0.0094%
Volume: 1.20M
Jan. 17, 2020 6:30p
P/E Ratio
20.22
Dividend Yield
2.26%
Market Cap
$120.07 billion
Rev. per Employee
$512,019
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/zigman2/quotes/208560027/composite
US : U.S.: NYSE
$ 181.89
-0.51 -0.28%
Volume: 1.82M
Jan. 17, 2020 6:30p
P/E Ratio
15.76
Dividend Yield
2.24%
Market Cap
$52.62 billion
Rev. per Employee
$342,737
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/zigman2/quotes/207320401/composite
US : U.S.: Cboe BZX
$ 232.21
-1.31 -0.56%
Volume: 148,201
Jan. 17, 2020 4:10p
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/zigman2/quotes/208579720/composite
US : U.S.: NYSE
$ 324.15
-7.85 -2.36%
Volume: 11.06M
Jan. 17, 2020 6:30p
P/E Ratio
49.71
Dividend Yield
2.54%
Market Cap
$182.43 billion
Rev. per Employee
$660,961
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/zigman2/quotes/208329414/composite
US : U.S.: Nasdaq
$ 73.60
-1.62 -2.15%
Volume: 346,745
Jan. 17, 2020 4:00p
P/E Ratio
287.16
Dividend Yield
N/A
Market Cap
$4.37 billion
Rev. per Employee
$303,079
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