LMT stock: Lockheed Martin benefits from Trump’s eye-popping budget, ‘dream military’ comments

It’s a dream come true for investors with heavy defense stock holdings. On Thursday, defense stocks surged after President Trump called for a massive $1.5 trillion defense budget next year.

The figure was floated in a Truth Social post on Wednesday. That would be an increase of roughly 50% over the 2026 budget of $901 billion.

“I have determined that, for the Good of our Country, especially in these very troubled and dangerous times, our Military Budget for the year 2027 should not be $1 Trillion Dollars...