Unlock stock picks and a broker-level newsfeed that powers Wall Street. Upgrade Now
Lockheed Martin Pain Is Europe’s Gain as Trump Takes Aim at Defense Spending
In This Article:
President Donald Trump has long said the U.S. spends too much on defense while its allies spend too little. As the annual Munich Security Conference draws to a close, European defense stocks are surging while shares of U.S. companies are hurting. Vice President J.D. Vance spoke at the event days after Defense Secretary Pete Hegseth said it would be unlikely Ukraine gets all the territory back that it has lost, and Trump had a phone call with Russia’s President Vladimir Putin, ending his three-year isolation from Western world leaders.
Terms and Privacy Policy