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.
  • A_A@lemmy.world
    3·
    9 days ago

    … or is this money thing just a distraction ? … if they are going for fascism and totalitarianism … if they get it, they won’t care about money, once they have uncontested power. I say they are close to this point except for maybe the military who may oppose them.