Wall Street is reacting to predictions of a Democratic sweep in the upcoming midterm elections by selling off aerospace and defense stocks, with the iShares U.S. Aerospace & Defense ETF down nearly 18% since mid-August. Northrop Grumman is hit hardest due to its reliance on large strategic programs like the B-21 bomber, which could face cuts under a Democratic Congress. Lockheed Martin and RTX show more resilience, supported by steady demand for missile defense and commercial aerospace. Upcoming earnings reports will reveal if defense demand holds despite political uncertainty, but investors remain cautious about potential budget cuts and delays in new programs.
As of Oct 20, 2026 22:02 WIB, Northrop Grumman (NOC) trades at USD 541.68, recovering with a 1-day gain of 6.08% but still below its 52-week high of USD 768.02. Lockheed Martin (LMT) is priced at USD 551.66, up modestly by 0.63% for the day, also below its 52-week peak of USD 676.70. The iShares U.S. Aerospace & Defense ETF (ITA) shows a slight 0.15% increase at USD 208.06, close to its 52-week low of USD 198.23, reflecting mixed investor sentiment on Pluang amid political uncertainty.
Northrop Grumman Corporation announced its financial results for the third quarter of 2026. The company has made the earnings release available through its Form 8-K filing and on its investor relations website. Additionally, Northrop Grumman is hosti...
Northrop Grumman is set to report its Q3 2026 earnings with analysts expecting $7.18 EPS and $11.10 billion in revenue. While revenue is forecasted to rise by 6.1% year-over-year to $11.06 billion, earnings per share are predicted to decline by 5.9% ...
