BUZZ-US defense firms rise as Russia lowers threshold for nuclear response

Reuters11-19

** U.S. defense stocks rise premarket after Russia's nuclear policy update

** Russian President Vladimir Putin issues warning to the United States, lowering threshold for nuclear strike

** Warning issued days after Joe Biden administration reportedly allowed Ukraine to fire American missiles deep into Russia

** Shares of defense contractor Lockheed Martin up 1.3%, while Arlington, Virginia-based RTX rises 1.2%

** Shares of General Dynamics up 0.8%; Northrop Grumman up 1.1%

** Geopolitical conflicts have boosted demand for arms manufacturers such as LMT, RTX and NOC, prompting them to raise their expectations for 2024

(Reporting by Rupali Chaudhary in Bengaluru)

((Rupali.Chaudhary@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment