Defense Stocks Plummet Despite War in Iran: Why History Matters More Than Missiles The recent war in Iran has left investors in the defense tech sector reeling, with top contractors like Northrop Grumman and Lockheed Martin seeing significant losses despite the Pentagon's massive spending plans.
The $37. 5 billion tab on the conflict is a staggering figure, but it seems that even this historic outlay of funds cannot guarantee returns for those betting on defense windfalls.
At first glance, the selloff in defense stocks might seem counterintuitive given the unprecedented levels of munitions fired and the Trump administration's push for a $1. 5 trillion defense budget – a 42% increase.