XAR is trading at $231.91, up 3.08%, as defense shares benefit from upbeat analyst commentary after Lockheed Martin’s 10-year F-35 framework agreement and Morgan Stanley’s upgrade.
- RTX raised its outlook and reported a record backlog, adding to broader contractor strength.
- L3Harris’s earnings beat provided another positive signal for defense demand.
- Broader markets are lower, so the move appears sector-specific rather than part of a general rally.