Defense Stocks Surge on Trillion-Dollar Budget Talk
The White House is signaling a big boost in defense spending as part of the fiscal 2026 federal budget, and investors are sending defense stocks soaring higher as a result.Shares of defense contractors including Lockheed Martin (NYSE: LMT), RTX (NYSE: RTX), Huntington Ingalls Industries (NYSE: HII), General Dynamics (NYSE: GD), and AeroVironment (NASDAQ: AVAV) are all up 5% or more as of 10:30 a.m. ET, while shares of Science Applications International (NASDAQ: SAIC) are up 3%.Defense investors have been in a holding pattern of late. While few government observers expected a dramatic pullback in spending, a focus on efficiency and talk of investment in tech instead of new hardware has left investors on edge.Continue reading
The White House is signaling a big boost in defense spending as part of the fiscal 2026 federal budget, and investors are sending defense stocks soaring higher as a result.
Shares of defense contractors including Lockheed Martin (NYSE: LMT), RTX (NYSE: RTX), Huntington Ingalls Industries (NYSE: HII), General Dynamics (NYSE: GD), and AeroVironment (NASDAQ: AVAV) are all up 5% or more as of 10:30 a.m. ET, while shares of Science Applications International (NASDAQ: SAIC) are up 3%.
Defense investors have been in a holding pattern of late. While few government observers expected a dramatic pullback in spending, a focus on efficiency and talk of investment in tech instead of new hardware has left investors on edge.
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