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.
  • @MasterBlaster
    16•6 days ago

    Didn’t they and Britain burn down the white house in the war of 1812? They seemed pretty fierce in WWII. As an American, I suggest we not fuck around, lest we find out. I’m much happier with Canada as ally, thank you very much. From wikipedia:

    By the end of the war Canada had the world’s fourth largest air force,[6] and third largest navy.[7] The Canadian Merchant Navy completed over 25,000 voyages across the Atlantic,[8] 130,000 Allied pilots were trained in Canada in the British Commonwealth Air Training Plan. On D-Day, 6 June 1944 the 3rd Canadian Infantry Division landed on “Juno” beach in Normandy, in conjunction with allied forces