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The stock prices of US defence companies have been falling for the last few weeks because of the cuts to the defence budget by Trump. Conversely the values of E
by drumhead 2y ago
The stock prices of US defence companies have been falling for the last few weeks because of the cuts to the defence budget by Trump. Conversely the values of European defence companies have been shooting up. Primarily because of the re-armament. That wont be of much consolation to the US defence companies though, they're very likely to be excluded from the process. More fuel for the recession it seems.
- rayiner 2y agoU.S. defense contractors taking a hit? It’s like a 1990s liberal dream.
- yyyk 2y ago>cuts to the defence budget by Trump These weren't cuts, but an overall redirection of budgets inside the Pentagon. Over the long term, US defence companies have a very profitable future ahead (and a fair amount of European rearmament will involve buying stuff from US due to obvious industrial capacity issues).
- drumhead 2y agoDidnt Hesgeth tell them to cut budgets by 8% a year for the next 4 years?
- yyyk 2y agoIt's a redirection not a overall cut. American companies will profit from slightly different projects. e.g. https://breakingdefense.com/2025/02/pentagon-seeks-to-shift-50b-in-planned-funding-to-new-priorities-in-fy26/ https://breakingdefense.com/2025/02/pentagon-seeks-to-shift-...