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Opening Glance: Aerospace, defense stocks fall



By AP
09 July 2008 @ 10:48 am EST

NEW YORK - Shares of aerospace and defense companies fell Wednesday morning, as reports that Iran had test-fired missiles lifted the price of oil.

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Quotes
HON 47.72 -0.27
UTX 64.08 -0.8
LMT 115.72 1.9
BA 62.89 -0.14
COL 51.75 0.02
GD 85.64 0.35
GR 49.48 0.56
HXL 19.05 -0.47
LLL 102.64 2.66
NOC 70.05 1.08
PCP 98.14 0.25
RTN 59.71 1.21
SPR 21.57 0.16
TXT 39.28 0.09

SYMBOL LOOKUP

Oil prices rose $1.44 to $137.48 per barrel on the New York Mercantile Exchange, after decreasing more than $9 over the last two sessions.

Here are early results for a few key stocks in the sector:

Honeywell International Inc. fell 48 cents to $50.99.

United Technologies Corp. fell 16 cents to $61.61.

Lockheed Martin Corp. fell 57 cents to $103.24.

Boeing Co. rose 78 cents to $66.70.

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 This material may not be published, broadcast, rewritten or redistributed.

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