The shares of Austal (ASX:ASB) rose nearly 2% in early trading on Friday, while those of DroneShield (ASX:DRO) climbed over 2%, following a bounce in defense stocks on Wall Street on Thursday.
US President Donald Trump supported increasing the US military budget to $1.5 trillion in 2027, compared with the $901 billion approved by Congress for 2026, multiple media outlets reported.
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