$1 trillion in defense spending the entire US defense sector is taking off a major US event happened the House of Representatives passed the FY2027 National Defense Authorization Act authorizing a record $1.15 trillion in defense spending US defense giants saw their stock prices surge today

A major event happened in the US the House of Representatives passed the FY2027 National Defense Authorization Act authorizing a record $1.15 trillion in defense spending US defense stocks jumped significantly during the trading session Let’s take a look at the strength of the US military this bill increases the size of the active force by 40,100 troops bringing the total to 1.3429 million personnel including 15,000 additional Army troops 12,000 Navy troops 8,900 Air Force troops 2,800 Space Force troops and 1,400 Marine Corps troops The bill also includes a 5% to 7% pay increase for military personnel and officially renames the Pentagon as the Department of War After the announcement major defense contractors raised their outlooks Lockheed Martin and RTX said demand for replenishing military inventories remains very strong and they expect solid earnings growth going forward Investors immediately moved into defense stocks Lockheed Martin jumped as much as 10% during the session RTX gained 8% and other defense names like Northrop Grumman and General Dynamics also moved higher This news could also be a major catalyst for the drone sector with potential benefits for companies like AVAV and KTOS What do you guys think about this?