President Trump endorsed the Pentagon’s $200 billion military funding request, calling it “very judicious,” and stated the US has an unlimited supply of armaments. His supportive rhetoric increases the likelihood of political backing for large defense budgets, which is positive for defense contractors but is unlikely to be an immediate market-moving event absent legislative action.
President Trump endorsed the Pentagon’s $200 billion military funding request, calling it “very judicious,” and stated the US has an unlimited supply of armaments. His supportive rhetoric increases the likelihood of political backing for large defense budgets, which is positive for defense contractors but is unlikely to be an immediate market-moving event absent legislative action.
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