Reported 2 days ago
President Trump is set to meet Ukrainian President Zelensky and European leaders to discuss defense spending and implications for aerospace and defense stocks. Tony Bancroft from Gabelli Funds highlighted the significant differences between US and European defense sectors, noting that US defense companies will remain critical in terms of technology and capacity. Despite optimism, there are concerns regarding the long-term outcomes of these discussions and ongoing rearmament needs within NATO. Bancroft predicts continued focus on US defense spending and potential growth in defense stocks.
Source: YAHOO