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Barchart
Patrick Sanders

Trump Just Juiced the Bull Case for Lockheed Martin to $1.5 Trillion. Does That Make LMT Stock a Buy Here?

Lockheed Martin LMT Lockheed Donald Trump RTX UP

President Donald Trump is looking to increase the national defense budget, and that could be a boon to defense stocks like Lockheed Martin (LMT). Trump said in a Truth Social post that the Pentagon’s budget for 2027 should be $1.5 trillion, an increase from the $1 trillion originally proposed. The defense budget for 2026 is $901 billion.

While the budget has a long way to go, including a long Congressional process, the proposal is sending names like LMT higher. LMT stock is up nearly 7% in the last five days, including a jump of 5% on Jan. 9.

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