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.
  • answersplease77@lemmy.world
    4·
    4 days ago

    He never will. He sent a message for weapon manufacturer CEOs to chip in, and off course they will gladlyl buy him just like how silicon techies did

    • tempest
      5·
      4 days ago

      Exactly, this is just fishing for a bribe, just like the tariffs. Bribe Trump enough and your program or industry will get a loop hole or passed over for 6 months or whatever.