Major defense contractors, which had seen their valuations slashed earlier in the day, recouped nearly all losses and traded higher after-hours on Wednesday: shares of Northrop Grumman (NOC) rose as much as 5.7%, while Lockheed Martin (LMT) was up 6.26%, RTX (RTX) up 3.21%, and General Dynamics (GD) also rose 4.24%.
More on Lockheed Martin, General Dynamics, etc.
- Lockheed Martin: A Global Defense Leader Currently Stuck In Neutral
- RTX: Record Backlogs And Structural Demand Signal Upside
- Northrop Grumman: An Argument For Buying At Undervaluation (Rating Downgrade)
- Trump singles out RTX over buybacks and military response
- Trump questions NATO’s commitment amid Greenland tensions, pressure on defense industry