Lockheed Martin reported 5.7% annual revenue growth, driven by defense contracts, while RTX balances military and commercial aerospace exposure.
Lockheed Martin generated $75.1 billion in revenue for fiscal 2025, a 5.7% increase from the prior year, with net income of $5 billion. The U.S. government accounted for 72% of sales, highlighting reliance on defense contracts, particularly the F-35 program, which contributed 27% of total revenue. Free cash flow reached $6.9 billion, while the debt-to-equity ratio stood at 3.2x as of December 2025.
RTX, by contrast, offers a diversified portfolio spanning military and commercial aerospace technologies. Both companies face geopolitical shifts and supply chain challenges in 2026, but Lockheed Martin remains a pure-play defense stock, while RTX hedges with broader market exposure. Analysts weigh concentration risk against growth stability in evaluating the two contractors.
No immediate market reaction was reported following the financial disclosures.