Market Insider

Aerospace & Defense ETF jumps after US missile strike on Syria

Defense stocks rally following US airstrikes in Syria

The iShares U.S. Aerospace & Defense ETF (ITA) popped nearly one percent on Friday after the U.S. launched 59 missles at Syria Thursday night.

Orbital ATK and Huntington Ingalls Industries lifted the sector ETF, both stocks were up over 2 percent earlier. Shares of Orbital and Huntington Ingalls closed up over 2 percent and over 1 percent, respectively.

Huntington Ingalls was on pace for is best day since Feb. 3, when the shipbuilding company gained 2.33 percent.

The ITA was also on pace for its second consecutive positive day since Feb. 27 — and for its best day since March 28.

iShares U.S. Aerospace & Defense ETF (ITA) share performance year to date

Shares of ITA are up over 6 percent year to date.

— CNBC's Gina Francolla contributed to this report.