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Drone Stocks Soar As Trump Clips The Wings of Defense Majors
Benzinga· 2026-01-08 18:27
President Donald Trump sent defense stocks on a rollercoaster on Wednesday after threatening a total ban on stock buybacks and dividends until supply issues are resolved and following up with a proposed 50% increase in the military budget in 2027. Shares of drone manufacturers and autonomous systems providers benefited from both Trump's attack on the defense majors and the proposed expansion of military spending. RCAT stock is soaring. See the chart and price action here. The Crackdown On Defense MajorsIn a ...