Aerospace & defense stocks plunge with broader market

Mar. 09, 2020 8:18 AM ETLockheed Martin Corporation (LMT), NOC, AVAV, TXT, UTX, GD, LHX, RTN, HII, KTOS, XAR, PPA, ITAPPA, GD, LMT, NOC, UTX, ITA, TXT, AVAV, KTOS, HII, XAR, LHX, RTXBy: Yoel Minkoff, SA News Editor30 Comments
  • Today's massive selloff is spreading to all areas of the market and aerospace & defense is no exception.
  • Premarket: Lockheed Martin (NYSE:LMT) -6.4%; Northrop Grumman (NYSE:NOC) -6%; AeroVironment (NASDAQ:AVAV) -6.7%; Textron (NYSE:TXT) -5.5%; United Technologies (NYSE:UTX) -5.4%; General Dynamics (NYSE:GD) -4.9%; L3Harris (NYSE:LHX) -4.6%; Raytheon (NYSE:RTN) -4.5%; Huntington Ingalls (NYSE:HII) -2.5%; Kratos (NASDAQ:KTOS) -2.1%.
  • ETFs: SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) -7.8%; Invesco Aerospace & Defense ETF (NYSEARCA:PPA) -7.1%; iShares U.S. Aerospace & Defense ETF (BATS:ITA) -5.2%.
  • Previously: Boeing slumps 9% to levels last seen in 2017 (Mar. 09 2020)

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