---
ticker: "PPA"
name: "Invesco Aerospace & Defense ETF"
url: "https://etf.net/etf/PPA"
grade: "B"
score: 60
graded_at: "2026-10-12"
category: "Defense & Aerospace"
category_rank: "6 of 26"
methodology: "https://etf.net/methodology"
---

# PPA: Invesco Aerospace & Defense ETF

Grade **B**, Score 60 of 100. Rank 6 of 26 in Defense & Aerospace.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 40 | 16 of 26 |
| Mission | 76 | 2 of 4 |
| Risk | 64 | 6 of 26 |
| Tradability | 88 | 3 of 26 |
| Holdings | 56 | 14 of 26 |
| Durability | 94 | 2 of 26 |

## Top holdings

The fund holds 70 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | RTX | RTX Corp | 9.01% |
| 2 | GE | General Electric Co | 8.93% |
| 3 | BA | Boeing Co/The | 8.91% |
| 4 | LMT | Lockheed Martin Corp | 7.99% |
| 5 | GD | General Dynamics Corp | 5.18% |
| 6 | NOC | Northrop Grumman Corp | 4.67% |
| 7 | HWM | Howmet Aerospace Inc | 4.11% |
| 8 | HONA | Honeywell Aerospace Inc | 3.88% |
| 9 | LHX | L3Harris Technologies Inc | 3.76% |
| 10 | PH | Parker-Hannifin Corp | 3.70% |
| 11 | TDG | TransDigm Group Inc | 3.44% |
| 12 | ESLT | Elbit Systems Ltd | 2.57% |
| 13 | APH | Amphenol Corp | 2.43% |
| 14 | AXON | Axon Enterprise Inc | 2.09% |
| 15 | ETN | Eaton Corp PLC | 2.04% |
| 16 | PLTR | Palantir Technologies Inc | 1.86% |
| 17 | ATI | ATI Inc | 1.51% |
| 18 | HEI | HEICO Corp | 1.20% |
| 19 | CW | Curtiss-Wright Corp | 1.13% |
| 20 | CRS | Carpenter Technology Corp | 1.09% |
| 21 | WWD | Woodward Inc | 1.05% |
| 22 | SPCX | Space Exploration Technologies Corp | 1.01% |
| 23 | RKLB | Rocket Lab Corp | 1.01% |
| 24 | LDOS | Leidos Holdings Inc | 0.94% |
| 25 | CACI | CACI International Inc | 0.92% |
| 26 | HII | Huntington Ingalls Industries Inc | 0.88% |
| 27 | TXT | Textron Inc | 0.83% |
| 28 | KEYS | Keysight Technologies Inc | 0.78% |
| 29 | VSAT | Viasat Inc | 0.75% |
| 30 | BWXT | BWX Technologies Inc | 0.74% |

Source: etf.net, https://etf.net/etf/PPA. Please cite the page URL.