“In the defense camp, Spingarn writes that nearly every major contractor has boosted its full-year guidance in the second quarter of last year, and that his precedent, along with the sector’s first-quarter ‘flop’ sets the group up for increasing their forecasts this quarter,” according to Barron’s.
Related: Aerospace ETFs Can Take Flight Again
Traders looking for a more aggressive play on aerospace equities can consider the Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA: DFEN). DFEN, which debuted earlier this year, seeks to deliver triple the daily returns of the Dow Jones U.S. Select Aerospace & Defense Index.
For more information on the defense industry, visit our aerospace & defense category.