President Donald Trump is set to make an announcement on the path forward for his plan for a “Golden Dome” missile-defense shield, Reuters’ Mike Stone and Doina Chiacu report, citing a U.S. official. Trump and Defense Secretary Pete Hegseth are set to make the announcement at 3 pm on Tuesday, the White House said in an update to the president’s schedule. Golden Dome is estimated to cost tens of billions of dollars and take years to implement, as the program faces both political scrutiny and funding uncertainty. Publicly traded defense contractors include BAE Systems (BAESY), Boeing (BA), General Dynamics (GD), HII (HII), L3Harris Technologies (LHX), Lockheed Martin (LMT), Northrop Grumman (NOC), RTX (RTX) and Palantir (PLTR).
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RTX: