raw scansnapshot — prices as of scan date, not live43 rows · screens, not recommendations
A sector in violent divergence: the ETF layer (ITA strong-up, DFEN +22.25% 3m) is holding structural bids from NATO spending and geopolitical demand, but individual primes are a mess. RTX is the clear winner — RSI 57.5, +6.46% 30d, in uptrend. NOC is close to capitulation at RSI 30.9 (-27.2% 3m, -35.2% from 52wk high). LMT continues its underperformance (-17.07% 3m, strong-down). Nuclear/uranium exposure via LEU is being hammered (-64.35% from ATH). The ETF layer is the cleanest expression: ITA only -5.53% from 52wk high while the worst individual names are down 26-35%.
Latest bar 2026-06-26 (EOW close). All names fresh.
Quick Snapshot
Signal
Reading
Overall
🟡 Sector ETFs holding but individual primes bifurcated
ITA (iShares US Aerospace & Defense) is in strong-up trend, golden cross, +6.9% vs SMA200. Only -5.53% from 52-week high — the sector ETF is substantially outperforming any individual name. Price is +8.06% above VWAP, showing the geopolitical bid is REAL and buyers are paying up.
DFEN (leveraged defense) at +22.25% 3m is the momentum signal. Even with individual prime underperformance, the levered ETF is working — institutional buying in defense is persistent. Note: +11.31% above VWAP, elevated.
PPA is the more conservative broad-defense ETF, neutral at RSI 49.1. Slightly lagging ITA because of heavier commercial aerospace (BA) weighting dragging.
RTX (Raytheon Technologies) is the only prime printing genuine strength: RSI 57.5 in uptrend, +6.46% 30d, golden cross missing but +5.83% above VWAP. Missiles, air defense, Stinger/Patriot demand from ongoing conflicts = direct revenue. This is where the geopolitical war premium lives in the primes.
GD (General Dynamics) is the stability play: basing regime, RSI 49.5, only -6.22% from 52wk high. Defense shipbuilding + Gulfstream mix makes it less cyclical on any single program. +3.08% above VWAP; grinding.
LMT (Lockheed Martin) continues to disappoint: -17.07% 3m, RSI 44.4 in death-cross. The F-35 program and budget uncertainty are weighing. Relative volume 2.8x on the weekly close — active institutional positioning. Price is -1.21% below VWAP; not extended but not cheap vs its own history. Support at $477.
LHX (L3Harris) is deteriorating: -14.74% 3m, -23.2% from 52wk high, strong-down trend. Electronic warfare/C4ISR budget line items under pressure. -5.16% below VWAP. Approaching support at $283.45.
BA (Boeing) is the wildcard: +14.03% 3m recovery but -3.14% 30d reversal — the delivery-ramp story has stalled. Volume 1.92x average. At VWAP ($217.25 vs VWAP $219.45), near fair value for current expectations. Not a defense play; it's an industrial recovery play.
NOC (Northrop Grumman) is approaching capitulation: RSI 30.9 (nearly oversold), -27.2% 3m, -35.2% from 52wk high. Collapse regime. Price is -16.35% below VWAP ($501.57 vs VWAP $599.60) — deeply dislocated. The B-21 Raider program delays and cost overruns are the culprit. FROTH READ: NOC is the OPPOSITE of frothy — this is the most distressed large-cap in defense. At some price this is interesting, but not before RSI bottoms.
BWXT (BWX Technologies — naval nuclear propulsion) is holding near flat: -0.52% 30d, RSI 47.9. The submarine/naval reactor backlog is durable; this is the quality hold in nuclear-defense. +4.94% above VWAP. -18.16% from 52wk high offers a reasonable entry in the context of the nuclear-fuel-cycle thesis.
LEU (Centrus Energy — uranium enrichment) is being hammered: -64.35% from 52-week high, -8.11% 30d. The HALEU enrichment thesis is real but near-term catalysts are absent and broader uranium (URA) weakness is pulling it down. At -33.29% below VWAP ($165.52 vs VWAP $248.13) this is deeply dislocated. High-risk, high-volatility; thesis must be conviction-level before adding.