The Pentagon defended President Trump's targeted statements towards defense contractors and efforts to boost the current defense budget by upwards of 50%.

In a head-spinning series of social media posts on Wednesday, President Donald Trump demanded a $500 billion increase in annual defense spending but threatened to cut out some of the companies poised to profit the most from the boost.

Trump proposes massive $1.5 trillion defense budget increase, up from $1 trillion plan. Budget watchdog warns it would add estimated $5.8 trillion to debt.

The president offered few details in his post on Truth Social, other than to say the money would pay for his “Dream Military.”

The Republican president has long lobbied for increased defense spending and has announced a raft of new Pentagon projects.

He said that the raised budget would secure the country during "very troubled and dangerous times."

WASHINGTON, Jan 7 (Reuters) - President Donald Trump said on Wednesday the 2027 U.S. military budget should be $1.5 trillion, significantly higher than the $901 billion approved by Congress for 2026, boosting defense stocks, but sparking skepticism among budget experts.

The US raid on Venezuela and tensions over Donald Trump’s plans for Greenland have refocused attention on global military spending, handing fresh impetus to Europe’s rallying defense stocks.