Defense Stocks Rally on Trump’s Shift in Ukraine Policy
U.S. defense stocks surged Friday following President Trump's unexpected support for increased military aid to Ukraine. Lockheed Martin (LMT), RTX (RTX), Northrop Grumman (NOC), and Boeing (BA) all posted gains, with Boeing leading the pack at a 3.62% climb.
The rally stems from Trump's United Nations remarks and meeting with Ukrainian President Zelensky, signaling potential growth in weapons exports. A sudden Pentagon meeting of top commanders—though undisclosed—further fueled speculation driving the sector upward.
This marks a notable pivot from Trump's previous stance favoring Russian concessions. His characterization of Russia as a 'paper tiger' and call for European-backed Ukrainian resistance suggests recalibrated geopolitical calculus.
