U.S. aerospace companies and lobbying groups accepted Donald Trump‘s presidential triumph on Wednesday.
Defense specialists in particular stand to take advantage of a Trump presidency, given his promises to boost the United States armed force.
Boeing Co, which is completing a deal to offer 100 jetliners to Iran, praised Trump and members of Congress and stated it anticipated dealing with them to promote worldwide financial development and safeguard employees. Trump has strongly criticized an Iran nuclear offer that made the sale possible.
The warm reaction from the world’s No. 1 plane developer echoed friendly overtures from other U.S. producers such as Ford Motor, which sustained sharp criticism from Trump during the campaign for its growing projects in Mexico.
Shares of aerospace and defense business increased on Wednesday. The Dow Jones U.S. aerospace and defense index was up 4 percent in afternoon trading. Boeing shares went up 2 percent at $145.20 on the New York Stock Exchange. To name a few significant arms makers, Raytheon Co went up 7.4 percent at $146.56 and Lockheed Martin Corp went up 6 percent at $253.50.
