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.
I’m guessing this is all just a ploy to make Lockheed, Northrup, and Raytheon kiss the ring.
Next week, all the classified work will be contracted to them for a steal of only thrice the price, but only once they’ve publicly kissed his ass enough.
Lockheed, Northrup and Raytheon would learn Farsi in a blink if it gave them a better bottom line