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.
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 concerns over a pending audit by Elon Musk aimed at finding billions of dollars in waste at the Pentagon.
Trump Floats Deal With Russia, China to Cut Defense Spending
President Donald Trump floated the idea of a three-way meeting with the leaders of Russia and China in which the countries would agree to cut defense spending in half.
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.
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Republicans advance plans to raise military spending by at least $100B amid concerns budget cuts could affect veterans
Republicans are moving closer to their goal of raising defense spending by at least $100 billion in the next decade as two ...
NATO members to boost defense spending ‘considerably more than 3 percent’ of their GDP: report
NATO members will have to bolster their defense spending by “considerably more than 3%” of their GDP, the alliance’s ...
Trump Wants Denuclearization Talks with Russia, China, Aims to Halve US Military Budget
President Donald Trump announced today he wants to restart denuclearization talks with Russia and China. Newsweek's live blog ...
As Elon Musk eyes Defense Department, conflicts of interest, accounting issues loom
Secretary of Defense Pete Hegseth said Elon Musk was 'welcome' to the Pentagon. How will he approach its deep budget problems?
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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 ...
Secretary of Defense Pete Hegseth tells NATO allies to boost defense spending
Veteran strategist James Carville argued during a podcast episode that Democrats are “overwhelmed” and that he has not ...
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 ...
Defense officials prep lists of military cuts ahead of DOGE arrival
Pentagon officials are reportedly offering up lists of weaponry that can be cut from military spending in preparation for ...