Walton's Weekly Flyby: Lets get "Technical" as we look at Defense Charts for signs of any hope

研报英文原文证据摘录

Walton's Weekly Flyby: Lets get "Technical" as we look at Defense Charts for signs of any hope

Aerospace & Defense

Aerospace - Market Overweight

Defense - Market Overweight

Space - Market Weight

Walton's Weekly Flyby: Lets get "Technical" as we look June 28, 2026

at Defense Charts for signs of any hope

The Wolfe Byte

In this weekly, we leverage Wolfe's Rob Ginsberg for his read of the charts on defense names. In Defense, a

supplemental request is finally floated. Good news on new nukes in the US should be good news for CW. SpaceX

back to its opening trade as if nothing happened.

Let's get Technical: BA, CW, GD, LHX, LMT, NOC, and RTX

Courtesy of Wolfe's Technical Analyst Rob Ginsberg, we highlight technical analysis primarily focused on our defense

coverage (+BA and RTX). Rob thinks the charts look best for CW, GD, LHX, LMT, and RTX with more uncertainty on

BA and NOC. Full charts / description by name in the body of the note.

Aerospace: GTF AoG trends remain encouraging, expect big push of deliveries over closing days of 2Q

GTF powered aircraft storage levels have ebbed and flowed since peaking in late 2025 and while we remain mindful of

data restatements, we've seen a very nice downward trend develop over the last ~2 months. Stored aircraft are now at

their lowest level since September 2024, but there is still plenty of work to do. Scheduled capacity activity is bouncing

around a bit but July trims so far have been minimal, and we're seeing a seq pick up in y/y growth going from June to

July. With June wrapping up, we expect to see a big push of aircraft deliveries in the coming days to close out 2Q.

Defense: Supplemental arrives; CW orders on the horizon?

Speaker Johnson unveiled the long-awaited war supplemental this week which asks for ~$88B for Operation Epic