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.
  • @Gammelfisch
    3•1 day ago

    If this happens, the US MIC will shit all over the MAGAts. How many fucked up MAGAts work in the defense industry? Exactly, fuck them and they can join the “Parasite Class.”