Lockheed Martin and RTX raise 2026 forecasts
Lockheed Martin and RTX expect strong profits due to depleted Pentagon stockpiles.
The U.S. has used over 50,000 rockets and missiles since the Russia-Ukraine conflict began.
Lockheed’s missiles and fire control revenue rose nearly 20% to $4.1 billion, driven by production of PAC-3 and precision strike missiles.
The U.S. government has proposed a record $1.5 trillion military budget for fiscal 2027, with the House of Representatives passing a $1.15 trillion defense policy bill.