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Why Lockheed Martin Stock Just Dropped
Don't panic: A few fewer F-35 sales won't wreck Lockheed Martin stock.
Lockheed Martin (NYSE: LMT), the giant defense stock that makes America's vaunted F-16, F-22, and F-35 fighter jets, tumbled 5.5% through 11:40 a.m. ET Wednesday morning. And why?
As Bloomberg reports, the U.S. Pentagon is reducing its budget request for new F-35 stealth fighter jets in fiscal year 2026.
Image source: Getty Images.
