President Trump says arms race 'getting out of control'
President Trump said his conversation with President Putin today included a conversation about the arms race between the two companies. The race is "getting out of control," Trump said during a press conference at the White House. Trump added that the U.S. will remain well ahead of other countries in terms of defense. He noted the U.S. is spending $700B this year on defense. Trump plans on meeting with Putin in the not too distant future. Publicly traded companies in the defense space include BAE Systems (BAESY), Boeing (BA), General Dynamics (GD), Lockheed Martin (LMT), Northrop Grumman (NOC), Raytheon (RTN) and United Technologies (UTX). RTN LMT GD UTX NOC BAESY BA