Earnings: Will US rearmament trigger a surge in defense spending?

Defense contractors Northrop Grumman (NOC) and RTX (RTX) both came out with strong third quarter earnings results, raising their annual profit forecasts. The 8:30 Hosts Jake Conley, Julie Hyman, and Pras Subramanian dissect the defense sector's big rearmament push to the US military. Video Transcript 00:00 Speaker A Let's talk about another old economy sector, and that is the defense sector having a big morning this morning. Northrop Grumman and RTX, uh, primarily uh, previously Raytheon, both coming out this morning. The top line here, both of those companies, uh, two of the biggest, what they call the primes, the big defense contractors that win the biggest contracts with the government, work the most with the government.