🟢 Defense ETF (PPA) is trading 3% up today on Lockheed Martin’s earnings beat

PPA is trading at $162.83, up 3.01%, as Lockheed Martin’s earnings beat and raised 2026 guidance support defense stocks.

• Lockheed Martin also reported a record $292 billion backlog; a 10-year Pentagon framework covering at least 850 F-35s adds demand visibility.
• Heightened Middle East tensions and reported spending on the Iran conflict add sector support, while the broader market is lower.
• The ETF is moving higher during the open regular session; volume data was not provided.