Defense shares climb as Trump proposes a $1.5 trillion defense budget for 2027

Global Defense Shares Surge Following Trump’s Proposed Military Budget Increase

International defense companies saw their stock prices climb on Thursday, continuing an upward trend after former U.S. President Donald Trump advocated for a $1.5 trillion military budget for 2027. In a post on TruthSocial late Wednesday, Trump stated that after extensive discussions with lawmakers and officials, he concluded that the nation’s defense funding should be raised from $1 trillion to $1.5 trillion. He emphasized that this increase is crucial for national security during uncertain times and would enable the creation of what he described as a “Dream Military.”