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.
    • Stern
      20•1 month ago

      Broken clocks. If its any consolation he could be, variously-

      1. Floating random shit. Common Trump talk.
      2. Actually wanting to weaken the U.S. militarily, to the benefit of his leash holders.
      3. Fishing for bribes.
    • @MothmanDelorian@lemmy.world
      16•1 month ago

      Wait until you see how i gets halved. Im willing to bet they axe the VA, any scholastic programs, ROTC et al as most policies are about destroying America.

    • @Fedizen@lemmy.world
      14•1 month ago

      Thats the magic of trump though, when he’s vague about things he can sometimes spin them as something agreeable. My guess is he’ll keep the regime change bullshit and nix stuff like burn pit procedures, ukraine support, and veterans benefits