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Defense Stocks in Focus as Lockheed Martin Stock Drops
LMTLockheed Martin(LMT) Schaeffers Investment Research·2025-06-12 01:38

Aerospace manufacturer Lockheed Martin Corp (NYSE:LMT) stock is gapping lower today, after a U.S. Defense Department procurement request sent to Congress asked for 24 of the company's F-35 jets for the U.S. Air Force, compared last year's forecast of 48. The halved order has traders eyeing defense sector peers Northrop Grumman Corp (NYSE:NOC) and RTX Corp (NYSE:RTX) as well. LMT was last down 5.4% to trade at $451.30, pacing for a third-straight daily drop as it dives below recent support from the 20-day mo ...