Defense Spending Could Spur Private Job Increase Under Trump

Posted November 21, 2016 at 4:53am

CNBC reports that “President-elect Donald Trump wants a U.S. military with more ships, more troops and more aircraft, but getting it won’t be easy, even with a Republican Congress.”

“Still, the ambitious plan could translate into more jobs in the private sector from coast to coast. It could include work not only in building new fighter jets and missiles, but in shipyards in Virginia and elsewhere.

“‘The Trump plan — at least what we know of it so far — is probably so positive for defense overall that there’s probably many more winners than there are individual losers,’ said Roman Schweizer, a defense analyst at Cowen.”