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Time Details
2025-06-11
13:36
Lockheed Martin (LMT) Stock Drops Over 5% as Pentagon Halves Air Force F-35 Request – Impact on Defense and Crypto Markets

According to Evan (@StockMKTNewz) on Twitter, Lockheed Martin (LMT) shares fell by more than 5% in pre-market trading after Bloomberg reported that the Pentagon has cut its request for Air Force F-35 jets by half. This significant reduction in defense spending could negatively affect Lockheed Martin's revenue outlook and has raised concerns among investors about broader defense budget cuts. The news may also spur increased volatility in defense-related equities and indirectly impact crypto markets as traders seek alternative investments during periods of uncertainty. Source: Bloomberg via Twitter (@StockMKTNewz, June 11, 2025).

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