Locked And Loaded: Defense Companies Enter A New Era

Defense contractors are entering a new era as key pillars of the industrial base, driven by robust, less cyclical demand and government-backed capacity expansion. Book-to-bill ratios and backlogs at LHX, RTX, NOC, and GD signal strong forward revenue visibility, with RTX posting a standout 1.56x ratio and $270B backlog.

Seeking Alpha • Feb 1, 2026

The $1.2 Trillion Aerospace And Defense Supercycle

The aerospace and defense sector is experiencing parallel growth in commercial and defense markets, with revenues projected to rise from $800B in 2025 to $1.25T by the mid-2030s. Commercial aerospace faces supply chain disruptions and regulatory hurdles, while aftermarket sales and space-related opportunities drive near-term revenue growth.

Seeking Alpha • Jan 31, 2026

A Tiny Defense ETF Just Smashed The S&P 500 By Nearly 30% | PPA VOO

The Invesco Aerospace & Defense ETF ( NYSEARCA:PPA ) has crushed the broader market over the past year, delivering 44% returns compared to the S&P 500's 16% gain.

24/7 Wall Street • Jan 27, 2026

Defense ETFs to Watch Before Q4 Earnings Season Unfolds

SHLD and other defense ETFs are in focus as Q4 earnings loom, with rising global military spending set to validate record contract-driven growth.

Zacks Investment Research • Jan 23, 2026

ETFs Caught in the Crossfire Amid US-Greenland Trade Gambit

CARU and other ETFs slid as Trump's Greenland-linked tariff threat and the EU's retaliation jolted autos, aerospace, tech and banks.

Zacks Investment Research • Jan 21, 2026

PPA: This Defense ETF's Massive 2025 Outperformance Could Continue

Invesco Aerospace & Defense ETF (PPA) remains a compelling buy, with accelerating price momentum driven by heightened global defense spending and geopolitical tensions. PPA outperformed the S&P 500 in 2025, and is expected to deliver even higher returns in 2026 amid robust industry fundamentals. The ETF's top holdings—BA, RTX, LMT, GE, NOC—show massive backlogs, record profitability, and strong demand, supporting long-term growth prospects.

Seeking Alpha • Jan 19, 2026

PPA: Increased Defense Spending Make This ETF A Buy

Invesco Aerospace & Defense ETF is rated Buy, driven by President Trump's proposed $1.5T defense budget and robust U.S. military actions. PPA consistently outperforms the S&P 500, with a 10-year total return of $50,790 on $10,000 invested, and strong top-10 holdings with long dividend histories. The ETF benefits from U.S. government contracts, increased defense and space spending, and a diversified, low-turnover portfolio of established industry leaders.

Seeking Alpha • Jan 13, 2026

There Is a Quiet But Massive Migration Away From Tech Stocks in 2026

In the last three months of 2025, the tech sector experienced what some called a “correction”.

24/7 Wall Street • Jan 9, 2026

ETFs to Consider Amid Geopolitical Woes and Higher US Military Budget

Trump's $1.5T military budget and rising global tensions could lift defense ETFs and spill over into cybersecurity, AI, manufacturing and space ETFs.

Zacks Investment Research • Jan 9, 2026

Should You Invest in the Invesco Aerospace & Defense ETF (PPA)?

Designed to provide broad exposure to the Industrials - Aerospace & Defense segment of the equity market, the Invesco Aerospace & Defense ETF (PPA) is a passively managed exchange traded fund launched on October 26, 2005.

Zacks Investment Research • Jan 7, 2026