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Lockheed Martin Pops as Traders Price a Bigger Defense Spend Cycle

Investing.com Logo Investing.com By Timothy Fries
Lockheed Martin Pops as Traders Price a Bigger Defense Spend Cycle

Lockheed Martin stock surged 7.77% in premarket trading after President Trump announced a $1.5 trillion defense budget for 2027, a 50% increase from the previously planned $1 trillion. The announcement triggered a broader rally across the defense sector, with other major contractors like Northrop Grumman, RTX, and Kratos Defense also posting significant gains.

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AMZN   positive

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LMT   positive

Stock surged 7.77% in premarket trading to $535.22 following announcement of massive $1.5 trillion defense budget increase, demonstrating strong investor confidence in increased defense spending.