Trump victory propels military stocks

Posted online November 10, 2016 | 12:27 pm

The morning after Donald Trump became president-elect, the stocks of defense contractors rallied.

Lockheed Martin, the Pentagon’s largest contractor, jumped as much as 7.6 percent after the opening bell Wednesday. Northrop Grumman moved up 4.9 percent, General Dynamics climbed 4.1 percent and Raytheon grew 6.3 percent.

Shipbuilder Huntington Ingalls Industries traded 6.4 percent higher as Trump has promised to expand the Navy's fleet.

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