Trump's 2027 Defense Budget Announcement
Trump suggested banning dividends and buybacks, causing defense shares to drop 5%.
Top seven defense groups repurchased $128 billion over 10 years.
Northrop Grumman up 7.82% in premarket trade.
Lockheed Martin up 6.52%, RTX 5.4%, Kratos 6.6%.
Stoxx Europe Aerospace and Defense index up 1.4%.
US defense contractors near fair value (Boeing 93%, RTX 110%).
Boeing reversed share buybacks after $18 billion in 2024.
Raytheon has $1.7 billion Spain contract and $26 million rocket motor deal.
RTX ranks 88th percentile after 60.22% stock rise.
1 week ago