Leonardo DRS stock pops 8% as Trump’s $1.5 trillion defense budget call lifts contractors
Leonardo DRS shares jumped about 7.5% Thursday as defense stocks surged after Donald Trump proposed a $1.5 trillion U.S. military budget for 2027. The company also named Sally Wallace as chief operating officer in an SEC filing. Defense shares outperformed broader markets, with the S&P 500 aerospace and defense sub-index hitting a record high.
