🟢 Defense ETF (PPA) is trading 4.52% up in pre-market after Lockheed beats estimates, raises 2026 guidance

PPA is trading in pre-market at $165.21, up 4.52%, after Lockheed Martin reported stronger-than-expected results and raised 2026 guidance.

• Lockheed cited a record $292 billion backlog, while a 10-year Pentagon framework for at least 850 F-35s adds aircraft-demand visibility and supports defense sentiment.
• Honeywell Aerospace also beat earnings expectations and raised its full-year EPS outlook, supporting aerospace sentiment.
• Mixed equity futures and technology weakness provide a broader-market counterweight; no PPA-specific volume data was available.