President Trump has proposed a $1.01 trillion defense budget for fiscal year 2026, marking a 13% increase from the previous year’s enacted levels.
While the three largest U.S. defense contractors — Lockheed Martin (NYSE:LMT), RTX (NYSE:RTX), and Northrop Grumman (NYSE:NOC) — will secure large portions through flagship programs such as fighters and bombers, the spending surge creates broader gains.
Although risks to the final tally approved include budget debates in Congress, approval seems likely given bipartisan support for defense. That means these two defense stocks also stand to benefit from this plan.
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