Lockheed Martin stock pops in US premarket as Trump touts $1.5 trillion military budget, buyback ban looms
New York, January 8, 2026, 06:00 EST — Premarket Lockheed Martin shares jumped about 7% in premarket trading on Thursday after President Donald Trump called for a $1.5 trillion U.S. military budget for 2027, lifting defense contractors even as broader stock index futures edged lower ahead of key U.S. labor data. “A move toward more government intervention would create uncertainty,” said Mohit Kumar, an economist at Jefferies. Reuters The bounce matters because Washington’s message to the sector has turned erratic in 24 hours: spend more, but hand less back to shareholders unless factories move faster. A White House fact sheet