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Shares of the defense giant Lockheed Martin are down in morning trading Wednesday after a Bloomberg report that the U.S. government will buy fewer F-35 jet fighters in its fiscal year 2023. The size of the cut looks small, but investors are selling anyway, perhaps due to other factors.
Lockheed (ticker: LMT) shares are down 4.1% in early Wednesday trading. The S&P 500 and Dow Jones Industrial Average are up 1.4% and 1.3%, respectively.