Lockheed Martin RTX raise 2026 forecasts
Analysis based on 12 articles · First reported Jul 23, 2026 · Last updated Jul 25, 2026
Defense stocks surged, with Lockheed Martin shares up 10.6% and RTX up 7.7%, as investors welcomed the raised forecasts and strong demand outlook. The increased military spending and replenishment needs are expected to support sustained growth for defense contractors.
On July 23, 2026, Lockheed Martin and RTX Corporation raised their 2026 financial forecasts, citing sustained demand for weapons and defense systems as the Pentagon replenishes stockpiles depleted by conflicts in Ukraine and Iran. Lockheed Martin now expects 2026 revenue of $79.75-$81.75 billion, up from $77.5-$80 billion, while RTX raised its adjusted sales forecast to $95-$96 billion from $92.5-$93.5 billion. Both companies topped Wall Street's second-quarter estimates. President Donald Trump has urged defense contractors to increase production and proposed a record $1.5 trillion military budget for fiscal 2027. The U.S. House of Representatives passed a defense policy bill authorizing $1.15 trillion in military spending. Lockheed Martin's backlog grew 38.3% to $230.4 billion, and RTX's backlog rose 22% to $289 billion. RTX Corporation — Raytheon, RTX's weapons business, saw sales rise 18% to $8.27 billion. The companies highlighted opportunities in Europe and the Middle East.
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