July 20, 2007 at 4:06 pm by Tom Lydon
The PowerShares Aerospace & Defense (PPA) exchange traded fund (ETF) is enjoying a sky-high performance lately. It’s up 22% year-to-date.
One reason could be because Boeing recently made a lot of sales, and it’s PPA’s largest holding at 7%. Southwest Airlines ordered 25 jetliners valued at as much as $1.7 billion, according to Kansas.com. In addition, the U.S. army plans to extend its $162 billion Future Combat Systems program with Boeing, according to a Dow Jones press release.
Tags: Transportation
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