Why Lockheed Martin (LMT) stock is crashing
Lockheed Martin (NYSE: LMT) shares dropped on Wednesday as investors reacted to news that raises questions about the firm’s future momentum of its flagship F-35 fighter jet program.As of press time, LMT stock was down almost 6%, trading at $448.70. This decline extends the stock’s weekly losses to more than 7%.LMT one-week stock price chart. Source: FinboldWhy LMT stock is crashing The selloff seems to be an investor reaction to a report that the United States Air Force intends to cut its F-35 jet orders in ...