Pete Hegseth's Broker Attempted $3.1B Defense ETF Investment
Published on · Source: cnbc.com
AI Summary
Summarized by AI from the source belowReports indicate that U.S. Defense Secretary Pete Hegseth's broker sought to make a multimillion-dollar investment in the iShares Defense Industrials Active ETF, which holds about $3.1 billion in assets. Major companies within the ETF include RTX Corp (RTX), Lockheed Martin (LMT), and Northrop Grumman (NOC). The ETF has experienced a decline of 12.4% in value over the past month. However, the Pentagon has dismissed the claims, asserting Hegseth or his representatives did not approach BlackRock for the investment at the center of the report.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Lockheed Martin Corporation (LMT)
Lockheed Martin is the world’s largest defense contractor and maker of the F-35 fighter jet.
The Industrials sector covers manufacturers, aerospace, defense and transport companies tied to economic activity.
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