RTX - ITA: Defense Stocks For An Increasingly Dangerous World
Summary
- The iShares U.S. Aerospace & Defense ETF is up 191% over the past 10 years but has been relatively flat over the past 5 years. YTD, ITA is down ~8%.
- However, much of that underperformance is a result of the global pandemic and the trials & tribulations of one company: Boeing. Arguably, the worst may be behind that company.
- With Putin's war of choice on Ukraine, and the U.S. & NATO allies' implicit & declared support of Ukraine, the world has become a much more dangerous place.
- That being the case, the U.S. aerospace & defense sector appears to be timely place to allocate some capital.
- Today, I'll take a close look at the ITA ETF to see if it might be a good way for investors to gain exposure to the D&A sector going forward.
For further details see:
ITA: Defense Stocks For An Increasingly Dangerous World