Cathie Wood's ARK Invest loads up on defense, air taxi stocks. Navy awards contracts to Lockheed, Northrop. U.S. announces foreign military sales.
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Cathie Wood Shifts ARK's Defense Stocks; Contracts, Foreign Sales In Focus
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Cathie Wood and her ARK Invest firm on Monday loaded up on aerospace and defense stocks, while selling about $19 million worth of Rocket Lab shares. The Navy doled out contracts to Lockheed Martin and Northrop Grumman. The U.S. Department of State also announced foreign military sales to the Republic of Korea, India and Belgium on Monday. Defense stocks trended…
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