Defense stocks rise as President Trump calls for increased military spending

Global defense stocks rose on Thursday, extending their gains after US President Donald Trump called for a $1.5 trillion defense budget in 2027.

“After long and difficult negotiations with senators, congressmen, secretaries, and other political representatives, we have determined that in the interest of our country, the military budget for 2027 should not be $1 trillion, but rather $1.5 trillion, especially during these extremely difficult and dangerous times,” he said in a TruthSocial post late Wednesday.

“This will allow us to build the ‘army of our dreams’ to which we have long enjoyed the right, and more importantly, it will keep us safe and secure regardless of our adversaries.”

Northrop Grumman It rose 8.3% in premarket trading Thursday. lockheed martin The last seen was 7.9% higher, RTX 4.8% progress; kratos defense Increased by 12%.

The Stoxx European Aerospace and Defense index rose 1.1%. Lenk and leonardo It initially led the pan-European Stoxx 600 index, rising more than 4%, but the gains narrowed throughout the session. Last time, they rose by 2.6% and 2.7%, respectively.

Several Asian defensemen’s names were also mentioned. Mitsubishi Heavy Industries 2.4% increase; bharat electronics Increased by 0.3%.

U.S. forces captured Venezuelan President Nicolas Maduro and his wife in a major attack over the weekend. U.S. authorities announced Saturday morning that the couple had been indicted in New York on drug trafficking charges.

President Trump has since said the United States would control Venezuela’s oil indefinitely and renewed his rhetoric about acquiring Greenland.

Approximately 30 million to 50 million barrels of sanctioned Venezuelan oil will be delivered to the United States and sold at market prices, President Trump said. The profits will be managed by him and used “to ensure they are used to benefit the people of Venezuela and the United States.”