LHX - iShares U.S. Aerospace & Defense ETF: Mid-Year Performance And Valuation Review
The iShares U.S. Aerospace & Defense ETF (NYSE:ITA) is an industry specific exchange-traded fund offering exposure to companies that manufacture commercial and military aircraft, along with related defense equipment and services. The fund has an inception date of May 2006 with current total assets under management of $5.2 billion. This year some of the major developments include a pickup in M&A activity along with the headline making Boeing Company (BA) 737 Max aircraft disasters leading to the unprecedented fleet grounding. Overall, industry earnings have been strong with companies continuing to benefit