Defense stocks drop after Trump says Pentagon spending could be halved
Shares of Northrop Grumman and Lockheed Martin were under pressure after President Donald Trump raised the idea of large cuts to defense spending.
Trump wants denuclearization talks with Russia and China, hopes for defense spending cuts
President Donald Trump said Thursday that he wants to restart nuclear arms control talks with Russia and China and that eventually he hopes all three countries could agree to cut their massive defense budgets in half.
‘Set an example’: China tells Trump on denuclearization, defense spending cut
US president has sought talks with Chinese, Russian counterparts to cut defense spending, as well as move toward denuclearization - Anadolu Ajansı
Trump Sends Defense Stocks LMT, GD, NOC into a Spin on Pentagon Spending Remarks
Defense stocks Lockheed Martin (LMT), General Dynamics (GD) and Northrop Gruman (NOC) fell Thursday as President Donald Trump said the U.S. could significantly cut spending on the military. Pentagon spending could be halved at some point in the future, said Trump, who was discussing a potential defense conference with Russia and China.
Trump Sends Shockwave Through Defense Stocks, Says Military Spending Could Be Halved
President Donald Trump suggested Thursday that U.S. military spending could be cut in half. Shares of defense firms dropped on the news. “We’re going to spend a lot less money,” said Trump at a news conference addressing the potential outcome of talks with Russia and China.
Defense stocks slide after Trump’s comments on spending cuts
Shares of defense contractors such as Lockheed Martin (NYSE:LMT) fell on Thursday after President Trump said the country could significantly cut defense spending. Speaking at the White House, the president said the United States could slice defense spending in half at some point in the future.
Pentagon's Hegseth sees growth in defense spending despite Musk review
U.S. Defense Secretary Pete Hegseth said on Tuesday he wanted to increase overall U.S. defense spending and played down ...
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Republicans propose at least $100 billion in extra defense spending in the next decade
Congressional Republicans are pushing for at least $100 billion in additional defense spending during the next decade to ...
Starmer told his defence budget ‘won’t touch the sides’
Military chiefs have warned Sir Keir Starmer that the Government’s defence spending plans “won’t touch the sides”, Whitehall ...
Europe and Canada boosted defence spending 20% in 2024, NATO says
Defence spending by NATO's European members and Canada was 20% higher in 2024 than the previous year, NATO Secretary General ...
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House Budget Resolution Includes $100B Defense Funding Boost
Read about the House's proposed budget plan that would increase defense funding by $100 billion and raise the debt limit by ...
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Experts believe Europe won’t be able to bring defence spending to 5% of GDP
The report, presented by experts from the International Institute for Strategic Studies (IISS), says that European countries have ...
FM responds to Trump’s proposal to meet with Chinese, Russian leaders to discuss reducing nuclear weapons, cutting defense spending
Chinese Foreign Ministry spokesperson Guo Jiakun on Friday responded to reports that US President Donald Trump said on ...
Growth in Russian military spending outpaces all European countries combined: Think tank
The rate of growth for Russia’s military spending outpaced all other European countries combined in 2024 as its invasion of ...
World Defense Spending Soars as Ukraine War Continues, IISS says
Russia’s full-scale invasion of Ukraine pushed military spending worldwide to $2.46 trillion in 2024, representing a 7.4% ...