Shares of industrial and transportation companies rose as traders hedged their bets on the outlook for global economic growth.
Lockheed Martin invests millions in modular hypersonic weapons platform; U.S. military accelerates development. Industrial stocks rally on growth expectations; defense contractors gain from sustained military R&D spending.
Shares of industrial and transportation companies rose as traders hedged their bets on the outlook for global economic growth.
Lockheed Martin said it was making a multimillion-dollar investment to develop a modular system for delivering different payloads on hypersonic weapons, as the U.S. military seeks to accelerate development of the technology.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
August 11, 2026 17:32 ET (21:32 GMT)
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