Shares of Northrop Grumman and Lockheed Martin were under pressure after President Donald Trump raised the idea of large cuts to defense spending.

KEY POINTS

  • Defense stocks dropped sharply Thursday afternoon after President Donald Trump suggested the U.S. could massively cut defense spending.
  • Trump has sent mixed messages on military spending throughout his 2024 campaign and in the early days of his presidency.
  • jmcs@discuss.tchncs.de
    8·
    5 days ago

    Since the entire thing is contingent on China and Russia agreeing to half their defence budget too, the only thing to bet on is when it will be rescinded.