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The aerospace and defense sector is poised for change under the Trump administration and Pete Hegseth's confirmation as the Secretary of the US Department of Defense with Wall Street experts anticipate defense spending to likely increase. Yahoo Finance's Josh Lipton joins Wealth host Brad Smith to discuss the aerospace and defense sector’s outlook.
Lipton refers back to Citi managing director and lead analyst for aerospace and defense Jason Gursky's comments about how Republican lawmakers view military budgets in relation to GDP growth (gross domestic product), as Elon Musk's Department of Government Efficiency (DOGE) pushes for federal spending cuts.
Major defense contractors Boeing (BA), Lockheed Martin (LMT), and Northrop Grumman (NOC) are also discussed.
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This post was written by Josh Lynch
