As United Technologies and Raytheon merge, here are the hottest defense-sector stocks

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As United Technologies and Raytheon merge, here are the hottest defense-sector stocks
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The aerospace and defense industry group has greatly outperformed the broader stock market this year and over longer periods.

United Technologies and Raytheon announced a big M&A deal over the weekend. That makes this an opportune time for a review of the U.S. aerospace and defense sector.

Aerospace and Defense ETFs Here are some examples of ETFs that track aerospace, defense and related companies broadly and without leverage, using different approaches. The Invesco Aerospace & Defense ETF PPA, -0.34% is also cap-weighted, with annual expenses of 0.60% and a five-star rating from Morningstar. It held 48 stocks as of June 7.

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