Defense Stocks Moving on the Feud
Musk is a proponent of drones over manned fighter jets, and his comments have weighed on the sector. Coming into the week, shares of F-35 builder Lockheed Martin are down 11% since late November when Musk suggested manned fighters were a bad investment. “We doubt that the Jun. 5 eruption of threats exchanged between Trump and Musk will result in significant changes for defense in 2025 to 2026,” wrote Capital Alpha Partners analyst Byron Callan on Friday.