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Defense stocks fall despite bump in DoD spending

Lockheed Martin shares plummet 12.2% MoM

Madeline DurrettbyMadeline Durrett
November 20, 2024
in Strategy and Markets
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Federal defense spending has jumped in the past month, but defense stocks don’t appear to be reaping the benefits. While the average stock index of space firms has been rising this month, even amid a slight dip in the global stock market last week, large aerospace and defense companies are seeing a month-over-month drop in […]

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Tags: AE Industrial PartnersBryceTechDepartment of Government EfficiencyGoldman SachsL3Harris TechnologiesLockheed MartinNorthrop GrummanPremiumRTXSpaceXU.S. Air ForceU.S. Department of Defense (DoD)U.S. Space ForceU.S. Treasury
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