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Jan 8, 2026 4:00 AM

LMT Stock Whipsaws After Trump Bans Buybacks, Then Calls For $1.5 Trillion Military Budget

Shares of defense contractor Lockheed Martin Corp. (NYSE:LMT) whipsawed on Tuesday, witnessing a steep decline during the regular session, before mounting a recovery overnight, in response to a pair of social media posts by President Donald Trump, made in quick succession.

LMT Stock Whipsaws

Lockheed Martin shares were down 4.82% on Tuesday, closing at $496.87, after Trump made a post on Truth Social criticizing America’s defense contractors.

Trump took aim at the industry’s “massive” dividends and stock buybacks, which he said were made at the expense of investments in plants and equipment, resulting in slow deliveries of vital military equipment. He further warned that maintenance of military equipment was “far ...