Aug 4 (Reuters) - Defense supplier Leidos Holdings lifted the lower end of its 2026 profit and revenue forecasts, banking on strong demand for military technology amid heightened geopolitical tensions.
Shares of the company rose nearly 10% in morning trading.
Here are some details:
• Defense contractors have been benefiting as the U.S. government prioritizes military spending, with Trump proposing a record a record military budget of $1.5 trillion for fiscal 2027.
• Leidos reported increased demand for defense tech products, energy and air traffic management solutions as well as support for intelligence missions.
#record #here #Trump
Shares of the company rose nearly 10% in morning trading.
Here are some details:
• Defense contractors have been benefiting as the U.S. government prioritizes military spending, with Trump proposing a record a record military budget of $1.5 trillion for fiscal 2027.
• Leidos reported increased demand for defense tech products, energy and air traffic management solutions as well as support for intelligence missions.
#record #here #Trump
6 days ago
