Lockheed Martin and RTX Report Strong Quarter Amid Rising Global Tensions
The U.S. defense giants exceeded expectations with significant sales increases driven by heightened geopolitical conflicts and robust demand for missile systems.
- Lockheed Martin and RTX, two major U.S. defense contractors, reported higher than expected sales and profits in the latest quarter.
- Demand for Lockheed's missile systems and RTX's Patriot missile defense system surged due to ongoing conflicts in the Middle East and Ukraine.
- Lockheed Martin's sales in its missiles and fire control unit rose by 25%, while RTX's defense division saw a 6% increase in revenue.
- Both companies are well positioned to benefit from recent military aid bills, with Lockheed securing a $17 billion contract for next-generation missile interceptors.
- Despite the strong sales, Lockheed experienced a $100 million loss in a classified program, highlighting the complexities of defense contracting.
The Guardian 