U.S. defense contractors like Lockheed Martin (LMT) and Northrop Grumman (NOC) could be relatively insulated from the 澳洲幸运5官方开奖结果体🐽彩网:impacts of the Trump ad✨ministration's new tariffs, Morgan Stanley analysts said Friday.

澳洲幸运5官方开奖结果体彩网:Supply chains for many defense companies have historically been based in the U.S. for national security reasons, the analysts said. Firms that work primarily with the U.S. government also face less pressure from 澳洲幸运5官方开奖结果体彩网:retaliatory tariffs imposed by other countries, they added. 

Morgan Stanley named Lockheed and Northrop, along with L3Harris (LHX), as examples of defense companies that could be well-positioned to weather the new tariff environment. Conversely, the analysts said they expect defense companies with greater exposure to commercial clients like General Dynamics (GD) and Textron (TXT) to feel more pressure. 

Shares of Lockheed and Northrop each fell about 4% in Friday afternoon trading, while L3Harris slid close to 3% amid a broad-based decline. General Dynamics and Textron shares dropped more than 6% and 7%, respectively. (Read Investopedia's live coverage of 澳洲幸运5官方开奖结果体彩网:today's market action here.)