Defense Stocks Surge Following Trump Military Budget Proposal

Defense stocks rose sharply after Donald Trump proposed a $1.5 trillion military budget for 2027.Shares in Lockheed Martin, Northrop Grumman, and Kratos Defense surged following the Truth Social post regarding a tariff-funded military expansion.The initiative follows a recent military raid in Venezuela and renewed diplomatic interest in Greenland by Secretary of State Marco Rubio.