defense budget

President Donald Trump‘s fiscal 2026 defense budget request signals a strategic pivot toward advanced missile systems and unmanned warfare capabilities while scaling back traditional fighter jet procurement, potentially reshaping revenue streams for major defense contractors. What Happened:...

The Pentagon slashed its Air Force F-35 fighter jet request from 48 to 24 aircraft, delivering a significant blow to Lockheed Martin Corp. (NYSE:LMT) amid sweeping defense budget cuts. What Happened: A Defense Department procurement document sent to Congress this week reduced the Air Force’s...

The U.S. defense sector is facing fresh uncertainty as the Trump administration sets the foundation for a cost-cutting initiative under the newly established Department of Government Efficiency (DOGE). Despite the recent buoyancy in anticipation of peace talks involving the Presidents of the U.S.,...

Defense stocks experienced a notable surge during Donald Trump’s first term as President of the United States, with several key players in the industry seeing significant gains. This trend is highlighted by the performance of major companies such as Lockheed Martin Corp. (...

The shares of major U.S. defense contractors have been on a downward spiral due to a global military boom that has seen European counterparts’ stock prices soar. This decline in the U.S. defense industry is largely attributed to the legislative deadlock in Washington, which has created...

To strengthen its military prowess amidst ongoing strife with Hamas, Israel is poised to augment its defense budget by a substantial 30 billion shekels ($8.3 billion) in 2024. What Happened: Bloomberg reported on Monday that the Israeli Finance Ministry disclosed that the total 2024 budget is...

Democratic primary candidate Marianne Williamson came down hard on the nation's defense spending and called out the “corporate tyranny” involved there. What Happened: The huge U.S. defense budget of $858 billion for the fiscal year 2023 is partly due to the “unbelievable price...