Defense Stocks Rise in Third Day of Israel Conflict
10 October 2023 - 1:48AM
Dow Jones News
By Dean Seal
Shares of Lockheed Martin and other major defense contractors
jumped as the war between Israeli forces and Hamas militants
entered its third day.
Lockheed Martin's stock was up 8% at $432.44 in early trading,
while shares of Northrop Grumman rose 10% to $466.99. General
Dynamics increased 7.7% to $236.81.
Shares of RTX advanced 3.9% to $72.49 and shares of Leidos
Holdings, which provides technology services to the defense
industry, were up 3.1% at $93.82.
American depositary receipts of the U.K.-based BAE Systems were
up 3.4% at $50.53.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
October 09, 2023 10:33 ET (14:33 GMT)
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