Why defense stocks keep falling in the middle of a rearmament cycle | The 8:30

Northrop Grumman and RTX both raised their annual profit forecasts this morning on rearmament demand, after the US military burned through Patriot missiles, Tomahawks and THAAD interceptors in Ukraine and Iran. Northrop reported sales of $11.1 billion and diluted earnings of $7.89 a share against an expected $7.18, with a record backlog near $110 billion. GE Aerospace raised its full-year outlook for the eighth time since January 2024 and the stock fell anyway. Jake Conley, Julie Hyman and Pras Subramanian on why the best demand environment in years has not moved the sector, which is down on the year. Featuring Jake Conley, Breaking Business News Reporter, Yahoo Finance Julie Hyman, Host, Yahoo Finance Pras Subramanian, Senior Autos Reporter, Yahoo Finance Watch the full episode of The 8:30: https://youtu.be/PLACEHOLDER-REPLACE-BEFORE-POSTING Timestamps 0:00 Northrop and RTX both raise their forecasts 0:45 What the US burned through in Ukraine and Iran 1:05 Only a few companies are allowed to make these weapons 1:23 The numbers from both primes 1:54 Assuming $1.5 trillion for the Pentagon 2:55 Some munitions cost tens of thousands each 3:17 The same cost problem that is hitting GM 3:35 Rare earth stockpiles will not last forever 4:01 GE Aerospace raises guidance and the stock falls 5:17 The free cash flow number legacy GE watchers watch 6:32 Why the sector is down in a replenishment cycle #DefenseStocks #NorthropGrumman #RTX #The830 #YahooFinance == AlphaSpace by Yahoo Finance: A Professional-Grade Investment Platform Built for Everyday Investors. 👉 https://finance.yahoo.com/about/promos/gold/alphaspace?ncid=100003571

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