Defense stocks rebounded after-hours after President Donald Trump posted on Truth Social proposing a historic $1.5T defense budget for FY2027, up from prior discussions around $1T
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Stifel’s new report predicts 2026 will be “The Year of the Drones” as U.S. defense spending pivots toward unmanned systems
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The Pentagon’s Department of Government Efficiency (DOGE) has been put in charge of a major revamp of the U.S. drone program, aiming to streamline procurement, expand domestic production, and deploy tens of thousands of low-cost drones.
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