Defense Stocks Rally On Budget

Benzinga

Major defense stocks jumped after Donald Trump proposed a $1.5 trillion U.S. military budget for 2027—significantly above current levels—boosting shares of companies such as Northrop Grumman, Lockheed Martin, RTX, and others as markets priced in higher future defense spending

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Global defense stocks rose on Thursday after Trump called for a $1.5 trillion U.S. defense

00:07budget in 2027, according to CNBC. In a Truth Social post late Wednesday,

00:13Trump said the higher budget would support building a dream military and maintaining

00:17security. In pre-market trading, Northrop Grumman gained 6.8 percent, Lockheed Martin

00:23rose 6.7 percent, RTX advanced 5.4 percent, and Kratos Defense added 6.6 percent.

00:31In Europe, the stock's Europe Aerospace and Defense Index rose 1.4 percent.

00:37Rankin-Leonardo led early gains before easing, lost up 1.5 percent and 3.6 percent.

00:44Asian defense stocks also advanced, with Mitsubishi Heavy up 2.4 percent and Barrett

00:49electronics gaining 0.3 percent. The rally followed U.S. actions in Venezuela,

00:54including plans to take control of Venezuelan oil and renewed rhetoric about acquiring Greenland.

01:00For all things money, visit Benzinga.com.

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