Seems to be a bit overdone to me but would guess much of it is tied to the slightly lowered guidance. A successful redo of the hot fire test might help but Mr. Market seems to ignore successful activities by ORB such as several satellite launches and target missile work and only looks at bottom line and guidance announcements. And that is understandable if irritating to us investors.
I truly do not believe that is the lower guidance, Tom. I am going to guess there were some short term players who ditched when they bought on technicals and they were not panning out. Had they listened to the three Amigo indicator these folks would have sold on Tuesday. From a fundamental standpoint , the aborted hot fire test probably spooked some real buyers.