Trump calls for $1.5 trillion military budget as defense stocks rise

The article reports President Trump posted on Truth Social that the U.S. military budget should be raised to $1.5 trillion for 2027, up from about $901 billion, and that defense stocks rose Thursday after earlier losses tied to his comments about banning dividends and buybacks for defense firms.

President Trump posted on Truth Social saying the U.S. military budget should be raised to $1.5 trillion in 2027. The current defense budget is reported at around $901 billion. The article notes his earlier statement that he would not permit dividends or buybacks from defense firms unless production and maintenance improved, which had weighed on the sector. Key facts: - The article reports Trump called for a $1.5 trillion U.S. military budget for 2027. - The reported current defense budget is about $901 billion. - Defense stocks rose on Thursday after an earlier session decline tied to the president's comments on dividends and buybacks. Summary: Markets reacted to the president's budget proposal and previous comments about corporate buybacks and dividends, with defense stocks moving higher on Thursday. Undetermined at this time.