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Israel war boosts Lockheed Martin, Northrup Grumman, other defense stocks

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Northrop Grumman, Lockheed Martin and other defense stocks rose on speculation the attack on Israel by Hamas terrorists that left thousands dead will boost demand for weapons.

U.S. defense stocks spiked Monday after the attack on Israel by Hamas left over 1,000 dead and even more wounded. Israeli Prime Minister Benjamin Netanyahu said in a video on Saturday that Israel is "at war" and called for a massive military response. Additionally, on Sunday, Netanyahu told President Biden "We have to go in," according to Axios. Shares of Lockheed Martin, Northrop Grumman, RTX and General Dynamics all rose as investors speculate how the U.S.

Business' Eric Revell contributed to this report.

 

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