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For the defense and mining industries, 2025 was a standout year. The iShares U.S. Aerospace & Defense ETF BATS: ITA tracks the performance of a basket of over 40 U.S. aerospace and defense companies.
Major U.S. defense contractors are significantly ramping up capital expenditure this year in response to President Donald Trump's threat to limit dividends and share buybacks in his push to speed up weapons deliveries.
Defense contractor L3Harris Technologies said on Friday it had secured a U.S. Navy deal to develop Red Wolf vehicles for the Marine Corps' precision-strike program.
ASHBURN, Va.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) has been selected by the U.S. Naval Air Systems Command to develop, test and manufacture Red WolfTM vehicles for the Marine Corps' Precision Attack Strike Munition program. L3Harris' Red Wolf systems will fill a gap in modern warfare with long-range precision weapons capabilities. The Navy's selection builds off 52 launched effect...
Among our top contributors in Q4 were Argenx, Lam Research and Insmed. Among our biggest detractors in Q4 were Oracle, Netflix and BAE Systems. During the quarter, we initiated new positions in RTX (Raytheon), Capital One and Somnigroup. In addition to Insmed and BAE, we also added to L3Harris, a global aerospace and defense company.
Defense contractor L3Harris Technologies missed Wall Street estimates for fourth-quarter revenue on Thursday, as a prolonged U.S. government shutdown delayed contract awards.
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