Defense Stocks Rise in Third Day of Israel Conflict
Provided by
Dow Jones
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)
Copyright (c) 2023 Dow Jones & Company, Inc.-
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