Why Defense Stocks Are Trading Higher Tuesday

Comments
Loading...

L3Harris Technologies Inc LHXLockheed Martin Corp LMT and Northrop Grumman Corp NOC all spiked on heavy volume Tuesday afternoon. Shares of defense companies are trading higher following reports suggesting Russian missiles have crossed into Poland, killing two.

Per Bloomberg, citing a senior U.S. intelligence official, Russian missiles crossed into NATO member Poland, killing two people.

Bloomberg added that top leaders were holding an emergency meeting due to a “crisis situation.”

See Also: Russian Rockets Strike Poland, Killing 2: Report

Additionally, Bloomberg says that Polish media reported that two people died Tuesday afternoon after a projectile struck a Polish village near the border with Ukraine.

According to data from Benzinga Pro:

LHX is up by 2.94% to $224.20

NOC is up by 5.22% to $507.56

LMT is up by 2.55% to $474.14

 

Overview Rating:
Speculative
50%
Technicals Analysis
66
0100
Financials Analysis
40
0100
Overview
Market News and Data brought to you by Benzinga APIs

Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!