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Opening Glance: Aerospace and defense stocks fall



By AP
20 June 2008 @ 10:38 am EST

NEW YORK - Shares of aerospace and defense companies declined with the market Friday, as higher oil prices and increased credit concerns put stocks under pressure.

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Quotes
HON 35.33 -2.51
COL 41.77 -1.69
BA 49.61 -4.22
LMT 102.47 -2.54
GD 65.71 -2.49
GR 33.56 -3.53
LLL 91.32 -2.73
NOC 55.39 -1.36
PCP 66.69 -3.92
RTN 51.54 -1.63
UTX 51.87 -2.99

SYMBOL LOOKUP

The price of oil jumped following reports that an Israeli military training exercise was a demonstration to Iran, and a host of financial sector news worried investors.

Morning results included:

Honeywell International Inc. lost $1.20, or 2.2 percent, to $54.15.

Rockwell Collins Inc. fell $1.09, or 2.1 percent, to $50.51, and set a two-year low of $50.40.

Boeing Co. shed 40 cents to $76.55.

Lockheed Martin Corp. dipped $1.49 to $101.85.

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 This material may not be published, broadcast, rewritten or redistributed.

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