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

Trump said Thursday at the White House the U.S. could cut defense spending in half at some point in the future. The comments came in the context of Trump discussing a potential conference on defense spending with China and Russia.

  • t3rmit3@beehaw.org
    11·
    3 months ago

    This is just him manufacturing a dip for his friends to buy in on, and to pressure the bosses for bribes.