BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Defense Contractors Rally Amid Uncertainty Over Trump’s $175B Golden Dome Project
Defense Contractors Rally Amid Uncertainty Over Trump’s $175B Golden Dome Project
7
1
Bernstein analyst Douglas Harned casts doubt on the completion timeline for former President Trump's proposed $175 billion Golden Dome defense initiative, suggesting the system won't be operational before 2029. Despite skepticism about the project's feasibility, defense stocks continue climbing as contractors position for lucrative government contracts.
L3Harris Technologies and Boeing lead the pack with 19% and 13% YTD gains respectively, buoyed by Harned's overweight ratings and price targets suggesting 10-25% upside potential. The House Appropriations Committee's $831.5 billion defense budget proposal includes $25 billion earmarked specifically for the Golden Dome program, signaling sustained funding regardless of technical hurdles.
By:
Previous
AICoin AI Spotlight: BigBear.ai’s Rollercoaster Ride in the AI Investment Boom
Next
SoftBank Eyes $1 Trillion AI and Robotics Complex in Arizona, Potential TSMC Partnership
