U.S. State Department Approves Potential $150M Sale Of Aegis Class Destroyer Follow-On Technical Support To Japan
Portfolio Pulse from Benzinga Newsdesk
The U.S. State Department has approved a potential $150 million sale of follow-on technical support for Aegis Class Destroyers to Japan, as reported by Reuters citing the Pentagon.
September 03, 2024 | 7:07 pm
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NEUTRAL IMPACT
The iShares MSCI Japan ETF (EWJ) might experience indirect effects from the U.S. sale of Aegis support to Japan, reflecting strengthened U.S.-Japan defense ties.
While the ETF is not directly involved, the sale signifies stronger defense ties which could influence Japanese markets and, by extension, the ETF.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50
POSITIVE IMPACT
Lockheed Martin, a key player in defense technology, may benefit from the $150M sale of Aegis Class Destroyer support to Japan.
Lockheed Martin is a major defense contractor and could be involved in providing the technical support for the Aegis Class Destroyers, potentially boosting its revenues.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80