The Spade Defense Index
The SPADE® Defense Index (NYSE: ^DXS) is a modified capitalization-weighted index comprised of publicly traded companies that benchmarks the performance of companies involved with defense, homeland security, and space. The Index is composed of more than 50 firms with representative business activities including: naval vessels, military aircraft, missiles and munitions, battlespace awareness, C4ISR, network centric warfare, homeland security including border security and biometric and screening systems, and space systems. Index values are distributed by the NYSEarca under the ticker 'DXS'. The Powershares Aerospace & Defense Portfolio ETF, designed to track the SPADE Defense Index, trades under the ticker 'PPA'.
The SPADE Defense Index has been developed to be used by investors,
financial professionals, trade analysts, and media as a benchmark for
publicly traded stocks involved in these business sectors. The Index can be
used as the basis for a range of financial instruments including options and
other derivatives, exchange traded funds, and conventional mutual funds.
Scott Sacknoff - President, The Spade Defense Index® (AMEX: DXS)
His 20-year career has included a range of diverse assignments including: Vice President of a venture capital firm that invested in defense and space companies with responsibility for research and due diligence; Consulting for clients such as ITT, General Dynamics, the Department of Defense, NASA, and FMR/Fidelity Investments; Due diligence of proposals into NASA and the Department of Defense as part of issuing more than $300 million in contracts for small businesses; Analysis of Department of Defense and NASA budgets to identify opportunities for clients; and Performing a scenario modeling exercise on the role for space and satellites in 2030.
During the 1990's, Mr. Sacknoff was a regular guest of financial institutions interested in having a non-broker/dealer analyst at its meetings to answer questions from potential investors...
Mr. Sacknoff is the author of numerous reports including the 'State of the Space Industry' and has been quoted or featured in publications ranging from Business Week to the Journal of Indexing to the Washington Post