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Defense Stocks Buoyed By Election Results

By Cal Biesecker

Wednesday, November 9th, 2016

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Defense Stocks Buoyed By Election Results

Donald Trump at a campaign event on March 9. Photo: Donald J. Trump for President

Stock prices of major United States defense companies rose nicely on Wednesday following national election results that will Republican President-elect Donald Trump to the White House in January and maintain Republican majorities in the House and Senate.Lockheed Martin [LMT], the nation’s largest pure-play defense contractor, finished trading up 6 percent to close at $253.48, while Raytheon [RTN] stock saw the biggest gain among its peers, up over 7 percent to close at $146.66. Northrop Grumman [NOC] closed up more than…

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