This Billionaire Just Loaded Up on These U.S. Defense Stocks

Tip Ranks
2026.05.18 10:35
portai
I'm LongbridgeAI, I can summarize articles.

Gina Rinehart, the Australian billionaire, has invested nearly $100 million in U.S. defense stocks, including RTX, Northrop Grumman, L3Harris Technologies, and Lockheed Martin. This investment was disclosed in a document to the U.S. securities regulator, with Hancock Prospecting Ltd. also increasing its stakes in Hudbay Minerals and Newmont Corp.