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.
  • Gammelfisch@lemmy.world
    2·
    6 天前

    Spot on. Johnson got the message and the 12 years were spent in SE Asia. In this case, the AI sector, especially Palantir Technologies, will be just as pissed off.