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iShares U.S. Aerospace & Defense ETF (ITA)

  • Dec. 1, 2011, 12:45 PM
    Lockheed Martin (LMT +1.4%) CFO Bruce Tanner says the defense contractor remains in an acquisition mode and would like to accelerate its pace from the last couple of years including dipping its toes back into the commercial pool. He says plays in the energy, health care, and cyber security sectors are all options as the firm looks to show positive revenue growth in 2012 in the face of inevitable defense budget cuts.
    | Dec. 1, 2011, 12:45 PM | Comment!
  • Nov. 7, 2011, 7:36 AM
    General Dynamics (GD) agrees to acquire Force Protection (FRPT) for $352M to help shore up its extensive product line of combat vehicles. The $5.52 per share offer marks a 31% premium to the closing price of Force Protection on Friday.
    | Nov. 7, 2011, 7:36 AM | Comment!
  • Sep. 20, 2011, 7:41 AM
    Goodrich (GR) and United Technologies (UTX) are now in "final negotiations" of their blockbuster deal, according to the FT, as UTX brings in bankers to nail down as much as $15B in financing to close the deal. Sources peg the final sales price for Goodrich on the upper end of a $115-$125 range.
    | Sep. 20, 2011, 7:41 AM | Comment!
ITA vs. ETF Alternatives
ITA Description
The iShares Dow Jones U.S. Aerospace & Defense Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Select Aerospace & Defense Index.
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