JEDI is trading 3.02% higher in after-hours trading as Lockheed Martin and the Department of War agree to accelerate AIM-260 missile production.
- The agreement establishes the groundwork for future multiyear procurement; Reuters reported Lockheed will fund investments to increase output.
- The industrials-heavy portfolio may be benefiting from defense-sector optimism; Nasdaq futures led while Dow futures lagged.
- Higher rates, elevated oil-supply risks, and no verified additional earnings surprises limit confidence in a broader sector rally.