BUZZ-US defense stocks fall after Trump's comments on production problems

Reuters
2026.01.07 20:20
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Defense stocks slip as investors weigh U.S. President Donald Trump’s comments on Truth Social, Trump’s social media platformTrump says he won’t permit dividends, buybacks for defense companies till they fix military equipment production problemsCalls executive pay packages in the defense industry “exorbitant and unjustifiable.” Lockheed Martinshares down around 3.2%, RTX Corp’sshares down 1.4%, Northrop Grummanfall nearly 4% and General Dynamicsdown 2.6%Dow Jones U.S. defense index down 2.6%