U.S. defense contractors fall as Iran war ends
BUZZ-U.S. defense contractors fall as Iran war ends ** Shares of U.S. defense contractors fell after the United States and Iran signed an interim deal to end their nearly four-month-long war
** L3Harris was down ~6%, Northrop Grumman NOC.N fell 6%, Lockheed Martin LMT.N declined ~5%, General Dynamics eased ~3%, Boeing BA.N dropped ~2% and RTX Corp RTX.N shed ~4%
** President Donald Trump put his signature on Wednesday on the "memorandum of understanding" to end the war, as did Iran's President Masoud Pezeshkian, bringing it into effect two days earlier than previously expected
** Vice President JD Vance will represent the U.S. at a formal ceremony in Switzerland on Friday to confirm the interim accord. He said Thursday marked the start of the 60-day negotiation period to reach a final settlement to the war
(Reporting by Chibuike Oguh in New York)
((Email: Chibuike.Oguh@thomsonreuters.com; Phone: +332-219-1834; Reuters Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))
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