Why Are Defense Stocks Rising Today?

benzinga_article
2026.01.05 17:34
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Shares of defense stocks rose following the U.S. seizure of former Venezuelan president Nicolás Maduro and his wife. Key stocks trending include Lockheed Martin (LMT), Northrop Grumman (NOC), Palantir Technologies (PLTR), RTX Corporation (RTX), General Dynamics (GD), and L3Harris Technologies (LHX), with most seeing gains. The U.S. alleges Maduro was involved in drug trafficking and corruption, while President Trump indicated plans to tap into Venezuela's oil reserves, which are highly sought after. Price actions show LMT up 2.47%, NOC up 2.34%, PLTR up 4.48%, RTX down 0.26%, GD up 2.71%, and LHX up 1.86%.