Northrop Grumman Leads a Bad Week for Defense Stocks -- WSJ

Dow Jones04-23 22:45

By Jared Mitovich

The weapon-making business is booming in a world full of conflict. But their stocks suggest investors are growing cautious.

Major defense companies like Northrop Grumman, Lockheed Martin, General Dynamics and RTX are down as much as 11% this week as traders assess what the Trump administration's higher defense spending request means for the industry. Investors had priced in significant growth in the industry during the first year of President Trump's term.

Northrop on Monday reported a jump in profit and higher sales in the first quarter while Lockheed Martin said in its earnings report Thursday that it burned through more cash than expected over the same period.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

April 23, 2026 10:45 ET (14:45 GMT)

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But their stocks suggest investors are growing cautious. \n\n\n     Major defense companies like Northrop Grumman, Lockheed Martin, General Dynamics and RTX are down as much as 11% this week as traders assess what the Trump administration's higher defense spending request means for the industry. Investors had priced in significant growth in the industry during the first year of President Trump's term. \n\n\n     Northrop on Monday reported a jump in profit and higher sales in the first quarter while Lockheed Martin said in its earnings report Thursday that it burned through more cash than expected over the same period. \n\n\n       This item is part of a Wall Street Journal live coverage event. 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