NEW YORK—Aerospace and defense companies are wobbling as the market digests news of slow economic growth in the U.S. and looks to a Federal Reserve decision on interest rates.
The U.S. economy grew only 0.6 percent in the first quarter. The Fed will announce a decision to maintain or adjust interest rates Wednesday afternoon, and Wall Street expects a key interest rate to be lowered by a quarter-point.
Morning results for aerospace stocks included:
L-3 Communications Holdings Inc., down 70 cents to $111.90.
Goodrich Corp., up 52 cents to $68.31.
Lockheed Martin Corp., up 38 cents to $106.27.
United Technologies Corp., up 29 cents to $73.40.
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