(PPA) Aerospace & Defense - Overview
ETF Category: Industrials | Exchange: NYSE ARCA (USA) | Market Cap: 7.780m USD | Total Return: 31.5% in 12m
Avg Turnover: 37.7M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
The Invesco Aerospace & Defense ETF (PPA) tracks an index of companies critical to U.S. national security, including those involved in military manufacturing, government space operations, and homeland security. The fund maintains a concentrated, non-diversified portfolio, committing at least 90% of its assets to securities within its underlying index.
The aerospace and defense sector is characterized by high barriers to entry and long-term government contracts, which often provide predictable revenue streams despite broader economic cycles. Many firms in this category operate under a prime contractor model, overseeing complex supply chains for large-scale defense platforms. You may find it useful to evaluate these individual holdings further on ValueRay.
- U.S. Department of Defense budget appropriations drive primary revenue growth
- Geopolitical conflict escalation increases global demand for military hardware
- Commercial aviation recovery supports diversified aerospace manufacturing margins
- Supply chain constraints and skilled labor shortages impact production costs
- Government procurement policy changes influence long-term defense contract stability
As of May 23, 2026, the stock is trading at USD 167.93 with a total of 208,577 shares traded.
Over the past week, the price has changed by +3.43%,
over one month by +0.38%,
over three months by -4.84% and
over the past year by +31.54%.
Aerospace & Defense has no consensus analysts rating.