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It was starting to look as if a kamikaze drone had blown up what some were calling a defense sector bubble. Heading into yesterday, shares in US defense contractors RTX and Lockheed Martin had fallen 3.8% and 22%, respectively, since the Iran war began on February 28. Investors fretted that defense spending could be nearing its peak, with the Trump administration's latest Pentagon budget request marking the biggest ask since the nation held "fireside chats" with FDR.
After RTX and Lockheed reported Thursday, the fretting turned to buying as both firms revealed how today's geopolitical environment could pay dividends for years.
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READ ALSO: Blackstone's AI Bet Fuels Blowout Growth While Rivals Grapple With "Zombie Funds" and Saudi Nuclear Deal Confusion Threatens Billions in Potential US Manufacturing Sales
#defense #investors #since #heading
It was starting to look as if a kamikaze drone had blown up what some were calling a defense sector bubble. Heading into yesterday, shares in US defense contractors RTX and Lockheed Martin had fallen 3.8% and 22%, respectively, since the Iran war began on February 28. Investors fretted that defense spending could be nearing its peak, with the Trump administration's latest Pentagon budget request marking the biggest ask since the nation held "fireside chats" with FDR.
After RTX and Lockheed reported Thursday, the fretting turned to buying as both firms revealed how today's geopolitical environment could pay dividends for years.
Sign up for The Daily Upside at no cost for premium ***** ysis on all your favorite stocks.
READ ALSO: Blackstone's AI Bet Fuels Blowout Growth While Rivals Grapple With "Zombie Funds" and Saudi Nuclear Deal Confusion Threatens Billions in Potential US Manufacturing Sales
#defense #investors #since #heading
4 days ago
