LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

These stocks could be key players in Trump’s ‘Golden Dome’ project

Chaim Potok by Chaim Potok
May 21, 2025
in Investing
These stocks could be key players in Trump’s ‘Golden Dome’ project
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


President Donald Trump’s plans for a ” Golden Dome ” missile defense system could be a catalyst for a handful of stocks. On Tuesday, Trump unveiled details of the defense system. He forecast that the project would be complete before the end of his term and estimated that the total cost of the project would be $175 billion. He said that an initial $25 billion would be earmarked in a sweeping spending package , which is currently being weighed by Congress. The Golden Dome is similar to Israel’s missile deterrent system, the so-called “Iron Dome,” which has been in use since 2011. Analysts on Wall Street were already optimistic on shares of defense and aerospace giants RTX , Northrop Grumman and Lockheed Martin before Trump’s Tuesday announcement. Lockheed and RTX were among the companies name-checked during the event , as was L3Harris Technologies . The stock reaction so far has been largely lackluster following Trump’s press conference, as the broader market traded lower on Wednesday . Shares of Lockheed, RTX and Northrop were marginally lower. L3Harris bucked the trend with a gain of about 1%. “The program details remain scarce, but with a 4-star general appointed (General Michael Guetlein) to lead the effort, the level of importance to the administration is obvious. The $25B in the Reconciliation Bill and President Trump’s sizing of the program at $175B also underscore the program’s significance,” Wolfe Research analyst Myles Walton wrote in a Tuesday note. In fact, Lockheed Martin CEO James Taiclet addressed Trump’s defense project on the company’s earnings call last month, and asserted that the firm is “literally ready to go when the starting gun goes off.” Shares of Lockheed have slipped nearly 3% so far in 2025. Just shy of half of analyst covering the stock rate it a buy or strong buy, per LSEG, and consensus price targets call for more than 11% upside. LMT YTD mountain Lockheed Martin stock in 2025. Baird analyst Peter Arment said in late April that Lockheed Martin is in the “enviable position of potentially securing content across all four segments” of defense. His outperform rating and $540 per share price target implies about 13% upside from Tuesday’s $475.82 close. Elsewhere, JPMorgan analyst Seth Seifman pointed to L3Harris Technologies as another potential beneficiary of the project. The analyst’s overweight rating and $255 per share price target calls for more than 10% upside from Tuesday’s $230.82 close. The analyst pointed out that L3Harris likely received the lion’s share of attention during the press conference due to its domestic manufacturing facility in Fort Wayne, Indiana. More than seven out of 10 analysts polled by LSEG have a buy or strong buy rating on L3Harris, with their consensus price targets calling for more than 10% upside. LHX YTD mountain L3Harris stock in 2025. “We could see a positive stock reaction to the briefing for LHX, with Indiana Senator Jim Banks highlighting the company’s involvement with Golden Dome,” Seifman said. On Northrop Grumman, RBC Capital Markets analyst Ken Herbert pointed to the Golden Dome as one of several “emerging opportunities” that could support upside to the company’s full-year revenue, given its current work on the Integrated Battle Command System. Herbert has an outperform rating on Northrop stock, alongside a $575 per share price target that implies nearly 21% upside from Tuesday’s $476.60 close. NOC YTD mountain Northrop Grumman stock in 2025.



Source link

You might also like

Most Americans think they know Social Security, AARP finds — but here’s what they get wrong

Thursday’s big stock stories: What’s likely to move the market in the next trading session

Morgan Stanley’s highest conviction picks into earnings

Share30Tweet19
Previous Post

Is Bitcoin price close to a cycle top? — 5 indicators that help traders decide

Next Post

Texas House passes strategic Bitcoin reserve bill

Chaim Potok

Chaim Potok

Recommended For You

Most Americans think they know Social Security, AARP finds — but here’s what they get wrong
Investing

Most Americans think they know Social Security, AARP finds — but here’s what they get wrong

July 24, 2025
Thursday’s big stock stories: What’s likely to move the market in the next trading session
Investing

Thursday’s big stock stories: What’s likely to move the market in the next trading session

July 24, 2025
Morgan Stanley’s highest conviction picks into earnings
Investing

Morgan Stanley’s highest conviction picks into earnings

July 23, 2025
Student loan forgiveness paused under a popular repayment plan. Here’s what to know
Investing

Student loan forgiveness paused under a popular repayment plan. Here’s what to know

July 23, 2025
Next Post
Texas House passes strategic Bitcoin reserve bill

Texas House passes strategic Bitcoin reserve bill

Related News

How to watch England vs Italy FOR FREE: TV channel and live stream

How to watch England vs Italy FOR FREE: TV channel and live stream

March 9, 2025
88% of crypto holders feel they missed out on major gains — Kraken survey

88% of crypto holders feel they missed out on major gains — Kraken survey

December 5, 2024
Huawei NFTs, Toyota’s hackathon, North Korea vs. Blockchain: Asia Express  – Cointelegraph Magazine

Huawei NFTs, Toyota’s hackathon, North Korea vs. Blockchain: Asia Express  – Cointelegraph Magazine

February 2, 2023

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?