Defense contractor stocks up on Trump win

By Marjorie Censer / November 9, 2016 at 5:12 PM
Following Donald Trump's presidential victory Tuesday, some of the largest defense contractors saw their stock prices increase, signaling analysts' view that the next administration may spend more on military equipment and services. Lockheed Martin's stock was priced at about $252 per share, up from a closing price of $239 per share on Tuesday. Raytheon saw shares Wednesday trading about $145 per share, up from nearly $137 per share at market close Tuesday. Byron Callan, a defense analyst, wrote in an...

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