Lockheed Martin Corp (NYSE:LMT) shares are trading lower on Tuesday, among other defense stocks, after Treasury Secretary Scott Bessent suggested the government may ask them to cut back on buybacks to address shortfalls in deliveries.

What To Know: According to Stocktwits, Bessent told CNBC that the U.S. government "may have to, as their biggest customer, prod them to do fewer stock buybacks" as defense contractors struggle to meet delivery timelines. He noted that in some cases, the federal government is "the only customer" for these firms, giving it leverage to influence corporate decisions.

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