BUZZ-US defense stock surge as Trump elected US president

Reuters11-06 19:47

** U.S. defense stocks rise as Donald Trump is elected U.S. president for the second time

** Lockheed Martin LMT.N rises ~5% premarket, Northrop Grumman NOC.N, General Dynamics GD.N, RTX RTX.N, and L3Harris LHX.N up between 2% and 3%

** A Jefferies Nov. 5 note points to Trump's policy document, which emphasizes reviving the U.S. defense industrial base

** European defense stocks also gain, as analysts anticipate higher defense spending in Europe following Trump's win

(Reporting by Pratyush Thakur)

((Pratyush.thakur@thomsonreuters.com))

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