On April 2, 2025, shares of CACI International and Booz Allen Hamilton observed significant upticks, trading higher by 7.4% and 6.2%, respectively. This increase occurred amidst a broader rally in consulting, contracting, and defense stocks. The upward trend followed a Politico report indicating that former President Trump communicated to his close advisors that Elon Musk will play a significant role in future endeavors. This development has seemingly influenced investor sentiment positively within the sector. Carl Surran, the SA News Editor, reported on these events for Seeking Alpha.
Contractors, Defense Stocks Climb Amid Report of Musk’s Impending White House Exit
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