Tech Defense Stocks Down as Investors React to Defense Budget Cuts

February 24, 2025 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com), a leader in retail investor trading ideas for Tech defense stocks issues a trading/news alert for defense stocks as President Trump calls for big budget cuts.

Palantir Technologies Inc. (NASDAQ:PLTR) is down again in today's session, currently at $90.52, down 10.83, falling 10.69% on volume of over 159 Million shares.

BlackSky Technology Inc. (NYSE: BKSY)a real-time, space-based intelligence company that delivers on-demand, high frequency imagery, analytics, and high-frequency monitoring of the most critical and strategic locations, economic assets, and events in the world is also down today. The stock is trading at $15.14, down $1.55, losing -9.26% as of this report.

Redwire Corporation (NYSE: RDW), a global space infrastructure and innovation company enabling civil, commercial, and national security programs is trading at 16.31, down 1.60. losing -8.91%.

Meanwhile top military contractors like Northrop Grumman Corporation (NYSE:NOC) and Lockheed Martin Corporation (NYSE:LMT) are seeing little downside on this budget cut fear from investors. .

Maybe it's not the defense budget cuts making some of the tech related stocks in the sector, but rather a swell of from some really big runs this year. Just look at Palantir Technologies Inc. (NASDAQ:PLTR) with a 52 week range of 20.33 - 125.41, It was due for a pullback.

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