Geopolitics Alpha

U.S. DOE commits up to $42 MM in Defense Production Act funding to advance Constitution Pipeline

Published . Updated .

ENERGYU.S. DOE commits up to $42 MM inDefense Production Act funding toadvance Constitution PipelineRTXGEOPOLITICS ALPHA

This report is about Defense and Energy. Names like LMT and RTX typically gain because defense contractors get more work when conflict spending rises.

Directly affected

  • RTX Rtx

    Named in this report.

Indirectly affected

  • LMT Lockheed Martin+4.2%

    Defense contractors get more work when conflict spending rises

  • NOC Northrop Grumman+2.8%

    Defense contractors get more work when conflict spending rises

  • GD General Dynamics-3.4%

    Defense contractors get more work when conflict spending rises

  • XOM Exxon Mobil+7.9%

    Oil producers earn more when crude prices rise

  • CVX Chevron+6.6%

    Oil producers earn more when crude prices rise

  • ITA iShares U.S. Aerospace & Defense-5.8%

    A fund of aerospace and defense companies

  • BA Boeing-6.2%

    Defense and aerospace orders move with conflict spending

  • LHX L3Harris-0.6%

    Defense contractors get more work when conflict spending rises

  • HII Huntington Ingalls

    Shipyards benefit when naval spending rises

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
RTX———————
LMT———————
NOC———————
GD———————
XOM———————
CVX———————
ITA———————
BA———————
LHX———————
HII———————

Market Call

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U.S. DOE commits up to $42 MM in Defense Production Act funding to advance Constitution Pipeline Pipeline and Gas Journal

Source: Pipeline and Gas Journal

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How solid the energy case looks

12 out of 100

“U.S. DOE commits up to $42 MM in Defense Production Act funding to advance Constitution Pipeline” scores 12 out of 100. The score uses 1 sources.