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.
Defense contractors are mostly publicly traded companies. Raytheon, Lockheed, Boeing etc.
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As opposed to having the government directly design planes and ships and stuff? Even in ‘communist’ countries such as Russia and China, they have companies that compete for business. Remember that essentially all the billions spent with these defense contractors is employing and producing products here as opposed to overseas.