Overview

• 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.