Defense Investors Prepare for Trump Presidency

The video discusses the impact of President-elect Donald Trump's tweets on defense spending and the market. Trump's comments on the F35 program and Boeing's Air Force One have caused volatility in defense stocks. Analysts are assessing the potential for increased defense budgets under Trump's administration, while also considering the risks posed by his unpredictable tweets. The video also explores the challenges of implementing procurement reforms in the defense sector and the industry's current profitability. The defense community is uncertain about Trump's foreign policy stance and its implications for defense spending.

In what ways has the Pentagon budget been criticized, according to the text?

What historical context is provided regarding defense spending as a percentage of GDP?