# Defense Stocks Drop on Hormuz Reopening Report

> Lockheed Martin and RTX fall 3% as oil slides on Iran's Hormuz offer.
- Title: Defense Stocks Drop on Hormuz Reopening Report · 24/7 Wall St.
- Summary: Lockheed Martin and RTX fall 3% as oil slides on Iran's Hormuz offer. Defense stocks dropped 3% after Reuters reported Iran's offer to reopen the Strait of…
- Keywords: lockheed martin, rtx, boeing, strait of hormuz, iran, u.s., defense stocks, crude oil, hormuz report, market reaction, Defense, Stocks
- Source: 24/7 Wall St. — https://247wallst.com/investing/2026/09/22/defense-stocks-fall-while-oil-slides-on-hormuz-reopening-report-lockheed-martin-and-rtx-drop-3-boeing-dips
- Author: David Moadel
- Published: 2026-09-22T15:52:13+00:00
- Read time: 1 min
- Topics: lockheed martin, rtx, boeing, strait of hormuz, iran, u.s., defense stocks, crude oil, hormuz report, market reaction
## Defense Stocks Fall
Aerospace and defense shares dropped Tuesday morning after a Reuters report that Iran offered to reopen the Strait of Hormuz within seven days if the U.S. takes initial steps toward easing military pressure.
## Oil Slides for Fourth Day
Crude oil fell for a fourth session as the market compressed geopolitical risk premiums, suggesting reduced demand for allied munitions.
## Lockheed Martin Drops 3%
Lockheed Martin stock fell 3% to $521.05, the sharpest same-day drop among defense primes.
## RTX Drops 3%
RTX stock fell 3% to $189.40, moving in near-lockstep with Lockheed Martin on the same de-escalation read.
## Boeing Dips 1%
Boeing stock fell 1% to $198.61, reflecting its commercial aircraft focus rather than munitions demand.
## Market Timing Matters
Lockheed Martin's 7% monthly decline shows today's slide extends a trend started long before the Hormuz report.
## What to Watch Next
Traders will monitor whether the Hormuz timeline holds, as a stalled offer could reverse the risk premium compression driving today's selling.
## Key takeaway

Defense stocks dropped 3% after Reuters reported Iran's offer to reopen the Strait of Hormuz within seven days if the U.S. eases military pressure.