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.
  • MetalMachine@feddit.nlEnglish
    352·
    9 days ago

    Would be a good thing if it would actually happen but we all know it won’t. Happy to be proven wrong however

    • MothmanDelorian@lemmy.world
      91·
      9 days ago

      The military is a jobs program. It’s paying for a ton of education and scientific research too. The first thing to go is going to be the scholarships not the guns.