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Closing Glance: Aerospace shares decline



By AP
17 June 2008 @ 04:09 pm EST

NEW YORK - Aerospace and defense stocks fell Tuesday as concerns about the effects of energy prices knocked the market for a loss.

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Quotes
GR 33.86 -3.23
COL 41.77 -1.69
HON 35.34 -2.5
NOC 55.39 -1.36
BA 49.6 -4.23
GD 65.51 -2.69
LLL 91.32 -2.73
LMT 102.27 -2.74
PCP 66.69 -3.92
RTN 51.6 -1.57
UTX 51.89 -2.97

SYMBOL LOOKUP

On Tuesday, the U.S. Labor Department reported that its index of producer prices rose 1.4 percent in May--the biggest gain since November--largely due to rising energy costs.

Shares of Goodrich Corp. and Rockwell Collins Inc. hit 52-week lows.

Here is a look at how some key aerospace and defense stocks fared:

Goodrich fell $1.89, or 3.5 percent, to $52.10.

Honeywell International Inc. fell $1.12, or 2 percent, to $55.06.

Northrop Grumman Corp. fell $1.31 to $71.09.

Rockwell Collins fell $1.96, or 3.6 percent, to $52.02.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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