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Defense stocks drop after Trump says Pentagon spending could be halved

Shares of Northrop Grumman and Lockheed Martin were under pressure after President Donald Trump raised the idea of large cuts to defense spending.

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Feb 13, 2025 - 12:00
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Defense stocks drop after Trump says Pentagon spending could be halved
Shares of Northrop Grumman and Lockheed Martin were under pressure after President Donald Trump raised the idea of large cuts to defense spending.
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