Defense stocks drop after Trump says Pentagon spending could be halved

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

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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.

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If Trump fucks with the rich folks - those who have their hands in the pocket of our tax dollars - we'll be talking about President Vance next week.

145 comments