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Lockheed’s F-35 Program Delayed - Top LMT ETFs: PPA, OTR, ITA
By Market News Video Staff, Tuesday, November 2, 12:59 PM ET
Lockheed Martin’s (NYSE:LMT) F-35 Joint Strike Fight program reportedly may be delayed as long as three years, and may see price increase for the Pentagon.
Defense Secretary Gates was to be briefed on the matter today.
Lockheed Martin, which is creating models for the Marines, Navy and Air Force, is seeing its stock trade lower by 0.10%.
Lockheed is a top holding of the iShares Dow Jones U.S. Aerospace & Defense Index Fund (AMEX:ITA), making up 5.61% of the portfolio.
It is also a top holding of the Aerospace & Defense Portfolio (AMEX:PPA), with 5.59% of the total pie.
It is just over 3% of the portfolio of the Guggenheim Ocean Tomo Growth index ETF (OTR), which is based on the Ocean Tomo 300 Patent Index.
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