XAR is trading at $210.60, down -3.53%, as investors weigh possible post-election changes to defense spending.

  • ITA fell 3.14% during the regular session, reflecting broader weakness in defense shares.
  • Broader risk aversion and Middle East tensions added pressure; oil rose as uncertainty around U.S.-Iran negotiations weighed on markets.
  • Lockheed Martin beat earnings expectations and raised its outlook, but those positive results do not explain the sector-wide decline.