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Why Lockheed Martin Stock Soared Today

TheMotleyFool

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Why Lockheed Martin Stock Soared TodayPhoto, wide shot, wide-angle lens, Metal fabrication, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.midjourneyapi.xyz/temp/138548fd-aba2-4b3e-b9ee-93725b372952.png

President Trump announced Wednesday he wants to spend $1.5 trillion on defense:

"For the Good of our Country ... our Military Budget for the year 2027 should not be $1 Trillion Dollars, rather $1.5 Trillion Dollars ... This will allow us to build the 'Dream Military' that we have long been entitled to, and, more importantly, that will keep us SAFE and SECURE."

Defense stocks in general are surging, and Lockheed Martin (NYSE: LMT) stock in particular gained 6.2% through 10:50 a.m. ET.

Source Fool.com

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