Defense stocks fall as Trump raises prospect of Iran peace deal at UN

Aerospace and defense stocks fell broadly Tuesday as President Donald Trump raised the prospect of a negotiated end to the U.S. conflict with Iran during an address to the United Nations, while warning that military action could intensify if Tehran refuses to reach an agreement. V2X (VVX) fell about 3.8%, Kratos Defense & Security Solutions (KTOS) dropped 3.7% and Karman Holdings (KRMN) declined 3.5%. BAE Systems (BAESF)(BAESY) was down 2.9%, Northrop Grumman (NOC) fell 2.8% and Lockheed Martin (LMT) lost 2.7%. General Dynamics (GD), Huntington Ingalls (HII), L3Harris Technologies (LHX) and RTX (RTX) also traded lower. The declines came as...