Stocks: Defense stocks are booming – just not in the USA | Capital+
The Trump administration also wants to cut defense costs, which is hitting US defense companies hard
© Alex Brandon/AP Photo/Picture Alliance
by Sylvia Pfeifer, Clara Murray and Steff Chávez
4 minutesActually, shares in defense companies are currently in high demand – just not in the USA. There, the large defense companies such as Lockheed Martin and General Dynamics are suffering from the austerity measures of the Trump administration
The leading US defense companies are missing out on the industry's global boom after Donald Trump called on Europe to spend more on its own security while simultaneously planning to cut the Pentagon's budget.
The shares of the six largest US defense companies have fallen by an average of four percent since Trump returned to the White House. Meanwhile, the prices of the leading European defense companies, especially Rheinmetall, have risen by almost 40 percent in the same period.
capital.de
